Question
You have been offered a job with an unusual bonus structure. As long as you stay with the firm, you will get an extra $68,000
You have been offered a job with an unusual bonus structure. As long as you stay with the firm, you will get an extra $68,000 every seven years, starting seven years from now. What is the present value of this incentive if you plan to work for the company for a total of 42 years and the intrest rate is 6.1% (EAR)?
The present value of this incentive is?
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International Financial Management
Authors: Jeff Madura
3rd Edition
0314862722, 978-0314862723
