Problem 6.59 – Negotiating the Athlete’s Quarterly Salary

Fundamentals of Corporate Finance

Ross, Westerfield, and Jordan

13th Edition

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Difficulty – Hard

As an agent for a professional athlete in contract negotiations, determine the amount of their quarterly salary, given their request for a signing bonus payable today, a contract value increase, and the desire for equal payments every three months starting after a certain period. Take into account the annual percentage rate compounded daily and assume a specific number of days in a year.

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