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You recently received a job offer from a boutique investment bank in Kansas City and you are negotiating your salary. You were offered $ 8
You recently received a job offer from a boutique investment bank in Kansas City and you are negotiating your salary. You were offered $ per month for the next three years. You would really like a signing bonus ie an upfront payment of a portion of your salary to help with your transition from school to the job.
You feel that the offer is fair ie the present value of the salary is correct but you need $ upfront to make the job work. So you will counter the offer by requesting the upfront bonus and offering a reduction in the future monthly salary payments.
If you think the appropriate required return is percent per year, compounded monthly, what reduction in future monthly salary should propose in order to receive the upfront bonus and keep the PV of the salary the same? Enter your answer as a number of dollars, rounded to the nearest $
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