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Question 9 2.5 pts XYZ Corp. has an unfunded pension liability of $615 million that comes due in 16 years. Management believes that interest rates
Question 9 2.5 pts XYZ Corp. has an unfunded pension liability of $615 million that comes due in 16 years. Management believes that interest rates will generally drop over this period and would like to fund this liability now in order to take advantage of the relatively high current interest rate. If the discount rate is currently 8.8%, what will it take to fund this liability? (Round answer to 2 decimal places. Do not round intermediate calculations
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