Business, 04.04.2020 09:25, kennieharris726
Imprudential, Inc., has an unfunded pension liability of $645 million that must be paid in 25 years. To assess the value of the firm’s stock, financial analysts want to discount this liability back to the present. If the relevant discount rate is 5.5 percent, what is the present value of this liability? (Do not round intermediate calculations and enter your answer in dollars, not millons of dollars, rounded to 2 decimal places, e. g., 1,234,567.89.)
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Imprudential, Inc., has an unfunded pension liability of $645 million that must be paid in 25 years....
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