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NELIA Saved Imprudential, Inc., has an unfunded pension liability of $584 million that must be paid in 20 years. To assess the value of the

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NELIA Saved Imprudential, Inc., has an unfunded pension liability of $584 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 77 percent, what is the present value of this liability? (Do not round intermediate calculations and enter your answer in dollars, not millions, rounded to 2 decimal places, e.g., 1,234,567.89) Kipped Present value eBook Hint Print References Next >

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