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Imprudential, Inc. has an unfunded pension liabili...

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Question

Imprudential, Inc. has an unfunded pension liability of $650 million that must be paid in 19 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 9.5 percent, the present value of this liability is $?????????_______ . (Do not include the dollar sign ($). Enter your answer in dollars, not millions of dollars, e.g., $1,234,567. Round your answer to 2 decimal places. (e.g., 32.16)),thanks a lot

 

Paper#2540 | Written in 18-Jul-2015

Price : $25
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