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What is copper canyon projected benefit obligation

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Reference no: EM131969762

Question - The Copper Canyon Company sponsors a defined benefit pension plan. The following information pertains to that plan:
Projected benefit obligation at Jan. 1, 2007 $144 million

Service cost for 2007 36 million

Retiree benefits paid (end of year) 30 million

Discount rate 10%

No change in actuarial estimates occurred during 2007. What is Copper Canyon's projected benefit obligation at December 31, 2007?

(A) $164.4 million

(B) $158.4 million

(C) $150.0 million

(D) $128.4 million

Reference no: EM131969762

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