The projected benefit obligation was $360 million at the beginning of the year. Service cost...
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Accounting
The projected benefit obligation was $360 million at the beginning of the year. Service cost for the year was $20 million. At the endof the year, pension benefits paid by the trustee were $16 million and there were no penison-related other comprehensive income accounts requiring amortization. The actuary's discount rate was 5%. What was the amount of the projected benefit obligation at year-end?
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