奋斗在前线的精算师北美的年轻人，请时刻监督我们每日更新相关考试复习辅导的*7入库的材料——往届真题精髓Course8F（Part 3）——北美精算师考试SOA2014年份。
　　the following data:
　　New West Life weighted average cost of capital (WACC): k = 10%
　　New West Life fe Beta: β NW = 1.2
　　Joint Venture Beta: β JV = 0.8
　　Market Return: rm = 9%
　　Risk-free Rate: rf = 4%
　　The CEO of New West has asked you to review the joint venture opportunity.
　　(a) Determine the appropriate risk-adjusted discount rate to use to assess this
　　opportunity.
　　(b) Assess the opportunity using a net present value (NPV) approach.
　　(c) Re-*uate the joint venture using a contingent claims analysis (CCA) approach.
　　(d) Explain to the CEO why the NPV and CCA results are different.
　　(e) Recommend to the CEO whether or not New West should pursue this
　　opportunity. Justify your response.
　　COURSE 8: Fall 2005 - 4 - GO TO NEXT PAGE
　　Finance and Enterprise Risk Management; Core Segment
　　Morning Session
 
　　4. (8 points) You are the Chief Actuary of Global Insurance, a public company selling only
　　Universal Life, with divisions located in
　　高顿网校之经典总结：平凡朴实的梦想，我们用那*10的坚持信念去支撑那梦想。