Question
Insurance company X has an obligation to pay another $ 1000 billion in retirement. Currently, the company's financial consultant is calculating the equity value and
Insurance company X has an obligation to pay another $ 1000 billion in retirement. Currently, the company's financial consultant is calculating the equity value and must calculate the value of existing liabilities. If the cost of capital is 8% pa. What is the current liability value of insurance company X?
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Foundations Of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
17th Edition
126001391X, 978-1260013917
