Question: please help it's my final test Suppose Frederik Andersen is negotiating a new contract with the Toronto Maple Leafs in 2021. The Leafs offer him
Suppose Frederik Andersen is negotiating a new contract with the Toronto Maple Leafs in 2021. The Leafs offer him a two-year contract in January 2021 with the following provisions: Assume that Frederik achleved his bonus requlrements both years and he signed the contract right away on January 1, 2021. Assume that cash flows are discounted at 12.5 percent. Ignore any taxes. Frederik's signing bonus was paid on the day the contract was signed. His salary and bonuses, other than the signing bonus, are paid at the end of the year. What was the PV of this contract in January when Frederik signed it? (Do not round intermediate calculotions. Round the answer to 2 decimal places. Omit $ sign in your response.)
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