b) In 2016, the automobile industry announced the average vehicle selling price was $34,958. Five years earlier,
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b) In 2016, the automobile industry announced the average vehicle selling price was $34,958. Five years earlier, the average price was $27,641. What was the annual percentage increase in vehicle selling price?
a) Kiran Inc. has an unfunded pension liability of $575 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 6.8%, what is the present value of this liability?
Related Book For
Fundamentals of Corporate Finance
ISBN: 978-0071051606
8th Canadian Edition
Authors: Stephen A. Ross, Randolph W. Westerfield
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