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Problem 5-10 Calculating Present Values [LO2] Imprudential, Inc., has an unfunded pension liability of $568 million that must be paid in 15 years. To assess
Problem 5-10 Calculating Present Values [LO2] Imprudential, Inc., has an unfunded pension liability of $568 million that must be paid in 15 years. To assess the value of the firm's stock, financial analysts want to discount this liability back to the present. li iho r levarit discouni raio is 6 1 por:ent, wh?i is; ho preiex:ni waluo o this liabiliy? Enter your answer in dollars not in millions, e.g., 1,234,567. Do not round intermediate calculations and round your final answer to 2 decimal places, e.g., 32.16.) Present value
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