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Given the following Beginning PBO on 1/1 $40 Mil Benefits paid $6Mil Actuary discount rate 5% Service Cost $ 15 Pension plan assets earned $5mil

Given the following

Beginning PBO on 1/1 $40 Mil

Benefits paid $6Mil

Actuary discount rate 5%

Service Cost $ 15

Pension plan assets earned $5mil

Required

Calculate the BPO at 12/31

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