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Imprudential, Incorporated, has an unfunded pension liability of $ 5 5 0 million that must be paid in 1 6 years. To assess the value
Imprudential, Incorporated, has an unfunded pension liability of $ million that must be paid in 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 percent, what is the present value of this liability?
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