Calculate the level of underfunding by finding the value of the pension funds assets (in 2017, this

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Calculate the level of underfunding by finding the value of the pension fund’s assets (in 2017, this information was on here of the report) and subtracting the present value of the liabilities. Express the underfunding as the value of the assets as a percentage of the present value of the pension liabilities.

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Corporate Finance

ISBN: 9780134999463

5th Edition

Authors: Jonathan Berk, Peter DeMarzo

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