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.
Learning Objectives. Explain the relation between risk and return. Describe the two components of a total holding period return, and calculate this return for an asset. Explain what an expected return is, and calculate the expected return for an asset. Explain what the standard deviation of returns is, explain why it is especially useful in finance, and be able to calculate it.