Calculating Present Values Imprudential plc has an unfunded pension liability of 800 million that must be paid
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Calculating Present Values Imprudential plc has an unfunded pension liability of £800 million that must be paid in 20 years. To assess the value of the firm’s equity, financial analysts want to discount this liability back to the present. If the relevant discount rate is 7 per cent, what is the present value of this liability?
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Related Book For 
Fundamentals Of Corporate Finance
ISBN: 9780077178239
3rd Edition
Authors: David Hillier, Iain Clacher, Stephen A. Ross
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