Question
Statement 1: A cash-balance pension plan is a defined contribution plan as it has a cash balance. Statement 2: For a defined-benefit plan, the beneficiary
Statement 1: A cash-balance pension plan is a defined contribution plan as it has a cash balance.
Statement 2: For a defined-benefit plan, the beneficiary of the plan bears the investment risk of the assets in the plan.
a. Both statements are true.
b. Statement 1 is Ture. Statement 2 is false
c. Both statements are false.
d. Statement 2 is Ture. Statement 1 is false
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Quantitative Corporate Finance
Authors: John B. Guerard Jr. Anureet Saxena, Mustafa Gultekin
2nd Edition
3030435466, 978-3030435462
