Q1. Which of the following statements regarding life expectancy and life span is CORRECT? A) Life expectancy is known, but life span is unknown. B) Life expectancy is unknown, but life span is known. C) Life expectancy is unknown, and life span is unknown.
Q2. Which of the following statements regarding life expectancy and life span is CORRECT? A) If a group of individuals base their retirement income precisely on life expectancy, approximately one-half of them will outlive their assets. B) If a group of individuals base their retirement income precisely on life span, approximately one-half of them will outlive their assets. C) If a group of individuals base their retirement income precisely on life span, most of them will be expected to outlive their assets.
Q3. What is typically used as a proxy for investment horizon, how do wealthy investors sometime differ from others as the investment horizon decreases, and how does the desirability of realizing capital gains change as the investment horizon decreases? A) We typically use life expectancy as a proxy for the investor’s life span, which is ordinarily the most important factor in determining the investment time horizon. For most investors the level of risk tolerance decreases with investment horizon, but it may increase for some wealthy investors. In general, as the time horizon decreases, it becomes less desirable to realize capital gains. B) We typically use life expectancy as a proxy for the investor’s life span, which is ordinarily the most important factor in determining the investment time horizon. For most investors the level of risk tolerance decreases with investment horizon, but it may increase for some wealthy investors. In general, as the time horizon decreases, it becomes more desirable to realize capital gains. C) We typically use life span as a proxy for the investor’s life expectancy, which is ordinarily the most important factor in determining the investment time horizon. For most investors the level of risk tolerance decreases with investment horizon, but it may increase for some wealthy investors. In general, as the time horizon decreases, it becomes less desirable to realize capital gains.
Q4. Which of the following statements regarding life expectancy and life span is CORRECT? A) One-half of all people in a given pool reach their life expectancy. B) One-half of all people in a given pool reach their life span. C) One-third of all people in a given pool fail to reach their life expectancy.
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发表于 2009-1-20 09:08
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