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A famous quarterback just signed a $15 MM contract providing $3 MM per year for 5 years. A less famous receiver signed a $13 MM,
A famous quarterback just signed a $15 MM contract providing $3 MM per year for 5 years. A less famous receiver signed a $13 MM, 5-year contract providing $9.0 MM now and only $800,000 a year for 5 years. If interest rates are 10%, who is better paid on a PV basis and by how much?
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