Question: The return objective for a pension fund is most likely a function of: a. The discount rate used to compute the present value of the
The return objective for a pension fund is most likely a function of:
| a. The discount rate used to compute the present value of the pension obligation. | ||
| b. Whether the fund has deficit or surplus. | ||
| c. The characteristics of the workforce. | ||
| d. Correlation between fund performance and employer performance. |
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