CFA考试中，多大的变化才算变化

问题如下：

Last year, the market value of DB pension plan assets of Gamma Capital was $315, and the present value of the liabilities was $307. This year, due to the interest rate change, the present value of liability is $290, and the market value of plan assets is $298.

The pension plan’s funding ratio is:

选项：

A.

decreased

B.

remain unchanged

C.

increased

解释：

C is correct.

考点：funding ratio

解析：funding ratio的计算公式如下：

funding ratio=MV of plan assets / the PV of plan liabilities

去年的funding ratio=$315/$307=1.0261

今年的funding ratio=$298/$290=1.0276

因此funding ratio是增加的，选C。