A company has a future liability of 500 million that must


A company has a future liability of $500 million that must be paid in one lump sum in twenty-five years. To assess the value of the firm's stock, financial analysts want to discount this liability back to the present. The relevant discount rate is 6.5% compounded annually. What is the present value of this liability? Round your answer to the nearest dollar.

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Financial Management: A company has a future liability of 500 million that must
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