Question
6 . You have just joined the investment banking firm of Knot, Wirthem, et al. They have offered you two different salary arrangements. You can
6. You have just joined the investment banking firm of Knot, Wirthem, et al. They have offered you two different salary arrangements. You can have $50,000 per year for the next 3 years or $30,000 per year for the next 3 years, along with a $50,000 signing bonus today. If the market interest rate is 16%, which salary arrangement do you prefer?
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Guardians Of Finance
Authors: James R. Barth, Gerard Caprio, Ross Levine
1st Edition
0262526840, 978-0262526845
