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ABC, Inc., has an unfunded pension liability of $539 million that must be paid in 21 years. To assess the value of the firm's stock,
ABC, Inc., has an unfunded pension liability of $539 million that must be paid in 21 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 6.86 percent, what is the present value of this liability? Answer in $ millions to two decimals - ie, if you get 12345678 dollars, you should enter 12.34.
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