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Imprudential, Inc., has an unfunded pension liability of $475 million that must be paid in 20 years. To assess the value of the firm's stock,

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Imprudential, Inc., has an unfunded pension liability of $475 million that must be paid in 20 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 6.1 percent, what is the present value of this liability? Complete the following analysis. Do not hard code values in your calculations. Your answer should be a positive value

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