为什么这道题选低利率

问题如下：

A company’s defined benefit plan invests primarily in equities. Which of the following creates risks for the company? (Assume that equity markets are unaffected by A, B, C, and D.)

选项：

High interest rates

Low interest rates

Employees working past retirement age

An epidemic that shortens life expectancy

解释：

B. Low interest rates will reduce the discount rate used to assess liabilities and therefore increase the present value of the liabilities. High interest rates, employees working past retirement age, and a shortening of life expectancy all lessen risks. (The question states that the impact of A, B, C, and D on equity markets should not be considered. In practice a reduction in interest rates tends to lead to an increase in equity prices.)