Suppose two athletes sign 10-year contracts for $90 million. In one case, were told that the $90
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Suppose two athletes sign 10-year contracts for $90 million. In one case, we’re told that the $90 million will be paid in 10 equal installments. In the other case, we’re told that the $90 million will be paid in 10 installments, but the installments will increase by 6 percent per year. Who got the better deal?
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Fundamentals of Corporate Finance
ISBN: 978-0071051606
8th Canadian Edition
Authors: Stephen A. Ross, Randolph W. Westerfield
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