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How would we find the value of his contract today

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Reference no: EM132859444

Problem - The Ginebra San Miguel convince Stephen Curry to play for the basketball franchise for three seasons. They offer the player P1 million in year 1, P2.5 million in year 2, and P3 million in year 3. Assuming end of year payments of the proceeds of the contract, how would we find the value of his contract today if the player has a discount rate of 12%, compounding semi-annually?

Reference no: EM132859444

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