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  3. the rate used to discount future benefits should b

The rate used to discount future benefits should be based on a. The government's marginal...

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Question

Accounting

The rate used to discount future benefits should be based on

a. The government's marginal borrowing rate

b. An index of tax-exempt bonds rated AA

c. An index of taxable bonds rated EE

d. A "blended" rate that takes into account, as appropriate, the government's expected rate of return on plan assets and the yield on high-quality municipal bonds

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