Experience of financial markets
Describe one experience you have had that indicated to you, and illustrates to us, that financial markets are global in nature; where what happens in financial markets in China or Europe impacts what happens on the New York Stock Exchange.
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Imprudential, Inc. has an unfunded pension liability of $850 million that must be paid in 25 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
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