CFAI Reading 20 problem #9

CFA Level II FRA
#1

dumb question…

In the solutions for Reading 20 Problem #9.

I have no clue how to get the $3,000 and the $3,020…

what page of the book is it on?

thanks,

#2

Those two numbers are the funded status of the pension.

The funded status of the pension= Present value of the defined benefit obligation - Value of the Assets

= 47120-38700=3020

=4200-3900=3000

* Since the obligation about is higher than the assets, it is recorded as a liability on the B/S

#3

thanks so much not sure why I couldn’t figure that out … smh at myself

#4

Long day of studying probably

#5

More like jerking off. So much porn… I can’t fathom the OP’s dilemma. Choosing between CFA interest rate swaps and porn is obvious.