- CFA Exams
- CFA Level I Exam
- Topic 3. Financial Statement Analysis
- Learning Module 12. Employee Compensation: Post-Employment and Share-Based
- Subject 2. Accounting for Defined Benefit Plans
CFA Practice Question
A lower discount rate:
A. increases the PBO.
B. decreases the PBO.
C. does not affect the PBO.
Explanation: The higher the discount rate, the lower the PBO, ABO and VBO, and vice versa.
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