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The Acme Corporation has been acquired by the Conglomerate Corporation. To help finance the takeover, Conglomerate is going to liquidate the overfunded portion of Acme's

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The Acme Corporation has been acquired by the Conglomerate Corporation. To help finance the takeover, Conglomerate is going to liquidate the overfunded portion of Acme's pension fund. The assets Ilsted below are going to be liquidated. Listed are their face values, liquidation values today, and their anticipated liquidation values one year from now (their fair market values). Current Liquidation One-Year Liquidation Asset Face Value Value Value IBM stock $ 21,000 $ 20,900 $ 21,500 GE bonds 3,000 2,000 2.400 Treasury securities 26,000 20,000 25,000 Calculate the one-year liquidity Index for these securities. (Do not round Intermediate calculations. Round your answer to 3 decimal places. (e.g., 32.161)) One-year liquidity index S 0.680

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