Question
In: Finance
An All-Pro defensive lineman is in contract negotiations. The team has offered the following salary structure:...
An All-Pro defensive lineman is in contract negotiations. The team has offered the following salary structure: Time Salary 0 $ 7,400,000 1 $ 6,000,000 2 $ 6,500,000 3 $ 7,000,000 4 $ 8,400,000 5 $ 9,100,000 6 $ 9,900,000 All salaries are to be paid in lump sums. The player has asked you as his agent to renegotiate the terms. He wants a $10.9 million signing bonus payable today and a contract value increase of $2,900,000. He also wants an equal salary paid every three months, with the first paycheck three months from now. If the interest rate is 6.4 percent compounded daily, what is the amount of his quarterly check? Assume 365 days in a year. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Solutions
jeff jeffy answered 9 months agoRelated Solutions
An All-Pro defensive lineman is in contract negotiations. The team has offered the following salary structure:...
An All-Pro defensive lineman is in contract negotiations. The
team has offered the following salary structure: Time Salary 0 $
6,100,000 1 4,700,000 2 5,200,000 3 5,700,000 4 7,100,000 5
7,800,000 6 8,600,000 All salaries are to be paid in a lump sum.
The player has asked you as his agent to renegotiate the terms. He
wants a signing bonus of $9.6 million payable today and a contract
value increase of $1,600,000. He also wants an equal salary paid
every...
An All-Pro defensive lineman is in contract negotiations. The team has offered the following salary structure:...
An All-Pro defensive lineman is in contract negotiations. The
team has offered the following salary structure:
Time
Salary
0
$
6,700,000
1
$
5,300,000
2
$
5,800,000
3
$
6,300,000
4
$
7,700,000
5
$
8,400,000
6
$
9,200,000
All salaries are to be paid in lump sums. The player has asked
you as his agent to renegotiate the terms. He wants a $10.2 million
signing bonus payable today and a contract value increase of
$2,200,000. He also wants...
An All-Pro defensive lineman is in contract negotiations. The team has offered the following salary structure:...
An All-Pro defensive lineman is in contract negotiations. The
team has offered the following salary structure:
Time
Salary
0
$
6,200,000
1
$
4,800,000
2
$
5,300,000
3
$
5,800,000
4
$
7,200,000
5
$
7,900,000
6
$
8,700,000
All salaries are to be paid in lump sums. The player has asked
you as his agent to renegotiate the terms. He wants a $9.7 million
signing bonus payable today and a contract value increase of
$1,700,000. He also wants...
An All-Pro defensive lineman is in contract negotiations. The team has offered the following salary structure:...
An All-Pro defensive lineman is in contract negotiations. The
team has offered the following salary structure:
Time
Salary
0
$
5,700,000
1
$
4,300,000
2
$
4,800,000
3
$
5,300,000
4
$
6,700,000
5
$
7,400,000
6
$
8,200,000
All salaries are to be paid in lump sums. The player has asked
you as his agent to renegotiate the terms. He wants a $9.2 million
signing bonus payable today and a contract value increase of
$1,200,000. He also wants...
An All-Pro offensive lineman is in contract negotiations. The team has offered the following salary structure...
An All-Pro offensive lineman is in contract negotiations. The
team has offered the following salary structure (note: today is
Year=0). The appropriate discount rate is 12% per year, compounded
monthly.
Year
Salary ($)
1
$3,500,000
2
$4,000,000
3
$4,500,000
4
$5,000,000
a) The lineman wants the timing of the payments
modified. (He is happy with the overall
value of the contract – so no increase in
overall value, measured in PV terms -- is
needed.)
Instead of the initial terms...
An All-Pro offensive lineman is in contract negotiations. The team has offered the following salary structure...
An All-Pro offensive lineman is in contract negotiations. The
team has offered the following salary structure (note: today is
Year=0). The appropriate discount rate is 12% per year, compounded
monthly.
Year
Salary ($)
1
$3,500,000
2
$4,000,000
3
$4,500,000
4
$5,000,00
a) The lineman wants the timing of the payments
modified. (He is happy with the overall
value of the contract – so no increase in
overall value, measured in PV terms -- is
needed.)
Instead of the initial terms...
Boston Bruins – the ice hockey team - has offered Bobby Esposito the following two contract...
Boston Bruins – the ice hockey team - has offered Bobby Esposito
the following two contract options. The first contract offer is $3
million a year for 5 years (first payment a year from now) plus a
signing bonus of $1 million (paid immediately). The second five
year contract offers a first-year payment of $2.5 million dollars
(paid one year from now), but after that the payments grow at an
annual rate of 12%. Assuming the interest rate is 5%,...
how can a company structure e-mail negotiations to avoid “accidnetally” forming a contract?
how
can a company structure e-mail negotiations to avoid “accidnetally”
forming a contract?
Wilbur has been offered a job at a salary that would put him in the 24%...
Wilbur has been offered a job at a salary that would put him in
the 24% marginal tax bracket. In addition to his salary, he would
receive health insurance coverage. Another potential employer does
not offer health insurance but has agreed to match the first offer
on an after-tax and insurance basis. The cost of health insurance
comparable to that provided by the other potential employer is
$9,000 per year. How much more in salary must the second potential
employer...
You are the ceo of a facility and Aetna has offered you a contract. Develop the...
You
are the ceo of a facility and Aetna has offered you a contract.
Develop the P&L statement for the following assumptions between
0 and 65,000 procedures in increments of 2,500:
•Aetna is offering you a contract that will pay you $55 per
procedure
•Variable costs per procedure = $37.00
•Fixed costs = $1,000,000
•You will need to hire an additional salaried employee with
volumes of 40,000 or more at an annual cost of $50,000
please show excel sheet so...
ADVERTISEMENT
ADVERTISEMENT
Latest Questions
- JAVA Write a test program that prompts the user to enter a series of integers and...
- (2) Cite an example on how organizations like Google, Facebook, Youtube etc collect data for image...
- The legal landscape is perpetually changing. Psychologists must remain abreast of these changes to avoid potentially...
- We are evaluating a project that costs $1.68 million, has a six-year life, and has no...
- In C++ Having call-by-reference allows one to use storeback parameters, i.e., parameters whose values are transmitted...
- You must evaluate a proposal to buy a new milling machine. The base price is $175,000,...
- “Triangle Guessing” game in Python The program accepts the lengths of three (3) sides of a...
ADVERTISEMENT