London is home to numerous museums, galleries, libraries, sporting events and other cultural institutions, including the British Museum, National Gallery, Tate Modern, British Library and 40 West End theatres. The London Underground is the oldest underground railway network in the world.
The expected return is used to figure the taxable portion of pension that is taxed under the general rule. For a lifetime pension, it is computed by multiplying the annual pension by the applicable expected life multiple from government actuarial tables.
adjustment. CAPM states that the expected return on an asset is the risk-free rate plus an MRP that is adjusted, through beta, to reflect the market risk of the asset: Expected return on an asset = Risk-free rate of return + beta * market risk premium The beta is a calibration factor that is higher (lower) than one if the asset has a systematic, or non- diversifiable, risk that is higher (lower) than the marketâs risk.