In Year 2, the Denim Company bought an acre of land that cost $15,900. In Year 5, another company purchased a nearby acre of land for $28,900 and a different company purchased another nearby acre of land for $26,900. As a result, an appraiser estimated that the acre owned by Denim had increased in value to $27,900. If Denim prepares a balance sheet at the end of Year 5, the acre of land that it owns should be reported at:

When the federal reserve buys and sells bonds to member banks, it is called a. monetary policy b. reserve ratio c. interest rate adjustment d. open market operations

Gif the federal reserve did not regulate fiscal policy, monitor banks and provide services for banks, what would most likely be the economic conditions to transact business in the u.s.? the economy would primarily be based on a barter system rather than a fiat system. there would be no discrimination in lending by local banks. the economy would be less efficient and transactions most likely more costly.

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)