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impurdential, Inc. has an unfunded pension liability of $250,000 that must be paid in 25 years. To assess the value of the firm's stock, financial

impurdential, Inc. has an unfunded pension liability of $250,000 that must be paid in 25 years. To assess the value of the firm's stock, financial analyst want to discount this liability back to the present. The relevant discount rate is 8 percent. What is the present value of this liability?

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