A star hockey player has negotiated a contract that pays him $5 million in the first year,
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A star hockey player has negotiated a contract that pays him $5 million in the first year, $7 million in the second year, and $8 million in the third year. If his personal borrowing rate of interest is 8%, calculate the duration of the contract.
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Related Book For
Fundamentals Of Corporate Finance
ISBN: 9781259087585
6th Canadian Edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan, Gordon Roberts
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