Question
Mary's replacement is unexpectedly hired away by another school, and Mary is asked to stay in her position for another three years. The board assumes
Mary's replacement is unexpectedly hired away by another school, and Mary is asked to stay in her position for another three years. The board assumes the bonus should stay the same, but Mary knows the present value of her bonus will change. What would be ther present value of her deferred annunity?
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Introduction To Finance Financial Management And Investment Management
Authors: Pamela P. Drake, Frank J. Fabozzi, Francesco A. Fabozzi
1st Edition
9811239657, 978-9811239656
