The contract signed in February 2018 by Jimmy Garoppolo that we discussed at the beginning of the
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The contract signed in February 2018 by Jimmy Garoppolo that we discussed at the beginning of the chapter was actually paid as a $35 million signing bonus to be paid immediately and a $7.6 million salary for 2018. The remaining salary was $18.6 million in 2019, $25.2 million in 2020, $25.5 million in 2021, and $25.6 million in 2022. If the appropriate interest rate is 11 percent, what kind of deal did the quarterback toss? Assume all payments other than the first $35 million are paid at the end of each year.
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Related Book For
Essentials of Corporate Finance
ISBN: 978-1260013955
10th edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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