Imprudential, Inc., has an unfunded pension liability of $850 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 9.5 percent, what is the present value of this liability? Multiple Choice $135,632,141 $150,382,427 $138,400,144 $127,328,132 $135,632,141 $150,382,427 $138,400,144 $127,328,132 $141,168,147 4.69% -4.03% -4.48% -3.80% 506% Although appealing to more refined tastes, art as a collectible has not always performed so profitably. During 2016, a sculpture was sold at auction for a price of $10,303,500. Unfortunately for the previous owner, he had purchased it in 2012 at a price of $12,374,500. What was his annual rate of return on this sculpture? Multiple Choice 4.69% -4.03% O -4.48% -3.80%