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The rate used to discount future benefits should be based on a. The government's marginal borrowing rate b. An index of tax-exempt bonds rated AA
The rate used to discount future benefits should be based on
a. The government's marginal borrowing rate
b. An index of tax-exempt bonds rated AA
c. An index of taxable bonds rated EE
d. A "blended" rate that takes into account, as appropriate, the government's expected rate of return on plan assets and the yield on high-quality municipal bonds
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