问题如下:
Which of the following statement about asset allocation for taxable investor is least appropriate?
选项:
A.In taxable account, the after-tax asset return volatility will be less than the pre-tax asset return volatility.
B.In taxable account, the after-tax asset return will be less than the pre-tax asset return.
C.More tax favorable assets should be held in the tax-exempt accounts.
解释:
C is correct.
考点:asset allocation for taxable investor
解析:在taxable account,资产的收益率和波动率都受税收影响而减小,并且有以下公式:
, 。有税收优惠的资产应当放入taxable account,例如,税率低的或者可以抵减税收的资产。
B是否正确?如果考虑负的收益,负的收益会抵税,税后收益减去税前大于零,B还正确吗?