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Years for naming rights

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Reference no: EM132336437

Question

Suppose the Citigroup pays the New York Mets $20 million per year for 5 years for naming rights, starting in 2017.

If the appropriate discount rate is 10%, then what is the present value PV of 5 years of naming rights to Citi Field, as of 2017?

Reference no: EM132336437

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