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7 . Over your career, you have accumulated 7 5 , 0 0 0 shares of VGT ( a portfolio of high tech stocks )

7. Over your career, you have accumulated 75,000 shares of VGT (a portfolio of high tech stocks). You have decided to retire and will pay for your lifestyle by slowly selling off shares. Specifically, you will sell 25,000 shares at the end of each year over the next three years. You decide to remove all risk and at the same time, lock in a selling price that is the same each year such that your income is the same each year. What type of contract do you enter, and what is your income each year?
VGT currently trades at $417 and pays no dividend. r=5%(there is no yield curve, the rate is 5% on all loans of all different maturities)

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