NO.PZ2018110601000002
问题如下：
Mr and Mrs Black both work in the Alpha Corporation for 15 years. The Black have an investment portfolio consisting of $700,000 in equities and $300,000 in fixed income products. 90% of the equity portfolio is invested in the stocks of Alpha Corporation. The Black also own a residence valued at $450,000, which includes $275,000 in mortgage debt. It is estimated that the pre-retirement earnings in this family have a total present value of $750,000, and the future expected consumption have a total present value of $600,000.
The Black plans to fund their children’s college tuition fee of $250,000 at present value. They also express the desire to fund a family foundation in 20 years, which has an estimated present value of $500,000.
Using an economic balance sheet, which of the Blacks’ current financial assets is most concerning from an asset allocation perspective?
选项：
A.Equities
B.Real estate
C.Fixed income
解释：
A is correct.
考点：economic balance sheet
解析：Black一家的股票组合有90%投资在了Alpha Corporation，同时夫妻两个都在这家公司上班。一旦Alpha Corporation面临经济危机，那么Black一家的资产组合和人力资本都会受到负面影响。因此这家人的股票投资组合需要进一步分散化。
老师您好，从这个题的角度思考，那股权激励计划就没想象的那么吸引人了吧？
万一公司倒闭，这个激励计划也是空头支票？
