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Consider a pension fund with $20 million in assets and projected liabilities of $5,$10, and...

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Accounting

Consider a pension fund with $20 million in assets and projected liabilities of $5,$10, and $15 million over the next three years. Assuming the yield curve is flat at 5%, what is the estimated percent change in the fund's liabilities if the yield changes by 100 basis points?
2.10%
2.00%
2.20%
2.30%
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