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The projected benefit obligation was $90 million at the beginning of the year. Service Coast for the year was $10 million. At the end of
The projected benefit obligation was $90 million at the beginning of the year. Service Coast for the year was $10 million. At the end of the year benefits paid by the trustee were $6 Million and there were no pension-related other comprehensive income [OCI] accounts requiring amortization. The actuarys discount rate was 5%.
Required: What was the amount of the projected benefit obligation at year-end?
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