CORPORATE FINANCE>CUSTOM<
11th Edition
ISBN: 9781308755465
Author: Ross
Publisher: MCG/CREATE
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Chapter 4, Problem 7QP
Calculating Present Values Imprudential, Inc., has an unfunded pension liability of $550 million that must be paid in 20 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 6.4 percent, what is the present value of this liability?
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Chapter 4 Solutions
CORPORATE FINANCE>CUSTOM<
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