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Calculating Present Values [LO2]Imprudential plc has an unfunded pension liability of 800 million that must be paid in 20 years. To assess the value of

Calculating Present Values [LO2]Imprudential plc has an unfunded pension liability of 800 million that must be paid in 20 years. To assess the value of the firms 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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