Question
July 1 is Bobby Bonilla Day! The owner of the NY Mets tweeted that this day is his favorite day of the year. Why? In
July 1 is Bobby Bonilla Day! The owner of the NY Mets tweeted that this day is his favorite day of the year. Why? In 2000, retiring Mets player Bobby Bonilla was owed $5.9 million on his contract to play for the NY Mets baseball team. Rather than a one-time buyout, however, he and the Mets agreed that Bobby would be paid zero dollars until July 1, 2011. On that day, and on each July 1 thereafter until and including 2035, Bobby would be paid $1,193,248. Calculate the $0 values from 2012 to 2020 in spreadsheet and show the excel formula w/IRR of 8%
| 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 |
| $1,193,248 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| $1,193,248 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| $ 13,756,670 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| ($1,193,248) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| $12,563,422 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
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International Financial Management
Authors: Jeff Madura, Roland Fox
4th Edition
147372550X, 9781473725508
