| Metric | Current | Proposed | |--------|---------|----------| | Expected return (total) | 6.3% | 5.7% | | Volatility (assets) | 12% | 9.5% | | Duration gap | –11.7 yrs | –2.2 yrs | | Probability of funded status < 80% over 3 yrs | 22% | 8% | | Maximum 1-year equity loss (95% VaR) | –31% | –19% |
Are you preparing for Level 3? Start drilling official CFA Institute constructed response questions today—and always, always show your work. cfa level 3 question
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