What will be the capital structure of the insurer after the down turn (by $ 290 million) in the stock market as specified in Q48? NARRBEGIN: TABLE 4.5 Table 4.5 A Hypothetical Balance Sheet of a Hypothetical Life Insurance Firm with Its Asset Allocation Mix (in Millions of Dollars)-Risks and ERM Assets Liabilities and Capital and Surplus Bonds: risks of junk bonds and nonperforming, mortgage-backed securities. $1,800 Loans and advances $10 Stocks: risks of the market fluctuations 990 Life insurance and annuities reserves [risk of catastrophes and miscalculations by actuaries (longevity risk) and lack of underwriting 950 260 Pension fund reserves: risk of inability to keep the promises of the guarantees 1,200 Mortgages: risk of nonperforming mortgages, no liquidity Real Estate: risks of real estate collapse and lack of liquidity Policy Loans: risk of inability of policyholders to pay 50 Taxes payable 25 110 Miscellaneous liabilities 650 Miscellaneous 120 Total Liabilities 2.835 Capital and Surplus $495 Total 3,330 Total $3,330 NARREND Select answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a 6.16% b 6.74% 6.55% d 6.33% 6.20% What will be the capital structure of the insurer after the down turn (by $ 290 million) in the stock market as specified in Q48? NARRBEGIN: TABLE 4.5 Table 4.5 A Hypothetical Balance Sheet of a Hypothetical Life Insurance Firm with Its Asset Allocation Mix (in Millions of Dollars)-Risks and ERM Assets Liabilities and Capital and Surplus Bonds: risks of junk bonds and nonperforming, mortgage-backed securities. $1,800 Loans and advances $10 Stocks: risks of the market fluctuations 990 Life insurance and annuities reserves [risk of catastrophes and miscalculations by actuaries (longevity risk) and lack of underwriting 950 260 Pension fund reserves: risk of inability to keep the promises of the guarantees 1,200 Mortgages: risk of nonperforming mortgages, no liquidity Real Estate: risks of real estate collapse and lack of liquidity Policy Loans: risk of inability of policyholders to pay 50 Taxes payable 25 110 Miscellaneous liabilities 650 Miscellaneous 120 Total Liabilities 2.835 Capital and Surplus $495 Total 3,330 Total $3,330 NARREND Select answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a 6.16% b 6.74% 6.55% d 6.33% 6.20%