Economists Novy-Marx and Rauh contend that to accurately state their pension liabilities, state and local governments should use
A) the interest rate on U.S. treasuries.
B) the interest rate on what they hope to get on their stocks.
C) the interest rate that they have to borrow at.
D) an interest rate of 0%.
Correct Answer:
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Q29: For the period from 2030 through 2085
Q30: The Social Security Administration refers to the
Q31: State and local governments
A)accurately account for their
Q32: Economists Novy-Marx and Rauh contend that states
Q33: If a defined benefit pension cannot, for
Q35: Economists Novy-Marx and Rauh contend that
A)states are
Q36: When combined, between now and 2035, the
Q37: For the period from 2030 through 2085
Q38: In nominal terms the combined deficits over
Q39: The degree to which state defined benefit
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