With an unfunded pension liability of 581 million that must


With an unfunded pension liability of $581 million that must be paid in 20 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 7.4 percent, what is the present value of this liability?

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Financial Management: With an unfunded pension liability of 581 million that must
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