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Prudential, Inc., has an unfunded pension liability of $576 million that must back be paid in 25 years. To assess the value of the firms

Prudential, Inc., has an unfunded pension liability of $576 million that must back be paid in 25 years. To assess the value of the firms stock, financial analysts want to discount this liability to the present. If the relevant interest rate is 6.9%, compounded monthly, what is the present value of this liability

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