The projected benefit obligation was $260 million at the beginning of the year. Service cost for the year was $15...
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The projected benefit obligation was $260 million at the beginning of the year. Service cost for the year was $15 million. At the end of the year, pension benefits paid by the trustee were $11 million and there were no pension-related other comprehensive income accounts requiring amortization. The actuary’s discount rate was 5%.
What was the amount of the projected benefit obligation at year-end?
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