Comparative advertising is recommended when a brand
a) is not competing with a top brand
b) has a higher than average advertising budget
c) is not the leader in its product category
d) has higher sales than all of its competitors

Imprudential, inc., has an unfunded pension liability of $572 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 6.5 percent, what is the present value of this liability? (do not round intermediate calculations and enter your answer in dollars, not millions, rounded to 2 decimal places, e.g., 1,234,567.89)