A defined benefit pension plan has expected payouts of $15 million per year for twenty-five...
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Finance
A defined benefit pension plan has expected payouts of $15 million per year for twenty-five years. Actuaries have estimated that the fund can be expected to earn an average of 5.3 percent on its assets. The fund currently has reserves of $235.2 million. The plan is ___________ by about ___________ million.
Multiple Choice
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overfunded; $30
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underfunded; $30
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overfunded; $20
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underfunded; $20
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None of the above
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