Question
Imprudential, Inc., has an unfunded pension liability of $550 million that must be paid in 16 years. To assess the value of the firm's stock,
Imprudential, Inc., has an unfunded pension liability of $550 million that must be paid in 16 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 9.5 percent, what is the present value of this liability?
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Internal Auditing Theory A Systems View
Authors: Hugh Marsh, G A Swanson
1st Edition
089930608X, 978-0899306087
