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Zulu Corporation hires a new chief executive officer and promises to pay her a signing bonus of $2 million at the end of each year

Zulu Corporation hires a new chief executive officer and promises to pay her a signing bonus of $2 million at the end of each year for 10 years, starting at the end of the first year. The value of this signing bonus is:

A.$0 because no cash is owed immediately.

B. the future value of the ordinary annuity.

C. $20 million.

D. the present value of the ordinary annuity.

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