Unfunded pension liability-present value of liability

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Reference no: EM13868485

Imprudential, Inc., has an unfunded pension liability of $850 million that must be paid in 22 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 6.0 percent, what is the present value of this liability?

Reference no: EM13868485

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