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

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Prudential, Inc., has an unfunded pension liability of $576 million that must be paid in 25 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 6.9%, compounded monthly, what is the present value of this liability? a $103.136 millon b. $108.638 millon c. $113,234 millon d. $133,000 millon

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