Question: Chapter 04 - Introduction to Valuation.... 0 Saved Help Save & Exit Submi 7 Imprudential, Inc., has an unfunded pension liability of $765 million that

 Chapter 04 - Introduction to Valuation.... 0 Saved Help Save &

Chapter 04 - Introduction to Valuation.... 0 Saved Help Save & Exit Submi 7 Imprudential, Inc., has an unfunded pension liability of $765 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. If the relevant discount rate is 8 percent, what is the present value of this liability? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to 2 decimal places, e.g., 1,234,567.89.) Book Present value M Grow Hill

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