Assume in exercise 49 that ABCO also has a pension fund which has a net asset value of 5 billion implying that ABCOs stock is really worth 9 billion instead of 4 billion The 5 billion in pension funds is invested in shortterm government riskfree securities yielding 5 percent per year Recalculate parts a and b of exercise 49 to reflect this

Answer rating: 100% (QA)

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