1
Q
Required return
A
RR= Risk free real return + expected inflation + inflation risk premium + risk premium
2
Q
Expected return
A
ER = GRY ER = Yield + Expected growth/ ER = Dividend yield + Expected growth/ ER = Rental yield + Expected yield growth
3
Q
Why nominal return may not equal GRY DR TED
A
Default Reinvestment risk Tax Exchange rate Dealing costs
CA1 2020
flashcards
Decks in class (32)
# Cards
-
Chapter 39: Monitoring7
-
Chapter 38: Surplus and surplus management7
-
Chapter 37: Capital requirements12
-
Chapter 36: Capital management5
-
Chapter 35: Insolvency and Closure9
-
Chapter 34: Reporting results9
-
Chapter 33: Valuation of liabilities7
-
Chapter 32: Provisions6
-
Chapter 31: Other risk controls8
-
Chapter 30: Risk transfer9
-
Chapter 29: Risk measurement & reporting10
-
Chapter 28: Accepting risk3
-
Chapter 27: Financial product and benefit scheme risks11
-
Chapter 26: Risk Identification and classification12
-
Chapter 25: Risk Governance6
-
Chapter 24: Pricing and financing strategies8
-
Chapter 23: Contract design2
-
Chapter 22: Expenses4
-
Chapter 21: Mortality and morbidity3
-
Chapter 18, 19 and 20: Modelling, Assumptions and Data38
-
Chapter 17: Investment Mangement9
-
Chapter 16: Asset liability management7
-
Chapter 15 Choosing an appropriate investment strategy7
-
Chapter 14 Relationship between assets classes3
-
Chapter 13 Valuation of asset classes and portfolios13
-
Chapter 12 Behaviour of the markets5
-
Chapter 9, 10, 11 Investment classes15
-
Chapter 5, 6, 7 and 8 Life, Health and General insurance16
-
Chapter 1, 2 and 3 Actuarial advice, External environment and Regulation15
-
The ACC5
-
Chapter 4: Introduction to financial products and customer needs2
-
List of risks in the different sectors4
