Bill Clinton reportedly was paid $ 9.7 million to write his book
My Life. The book took three years to write. In the time
he spent? writing, Clinton could have been paid to make speeches.
Given his? popularity, assume that he could earn $ 8.5 million a
year? (paid at the end of the? year) speaking instead of writing.
Assume his cost of capital is 9.8 % per year. Assume also that once
the book is? finished, it is expected...