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Question - PBO was $9 million when the year started. Service cost for the year was $30 million. By the end of the year, the pension benefits of $2 million had been paid to retired employees. At start of the year there was no Unamortized Prior Service Cost, and there was a zero balance in Unrecognized gains and losses. The actuary uses a 6% discount rate for pension computations. Actual return on the Pension Plan Assets was $10 million, which was $4 million more than expected.
What was Penion Expense for the year?
Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?
Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.
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Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.
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