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Zulu Corporation hires a new chief executive officer and promises to...

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Accounting

Zulu Corporation hires a new chief executive officer and promises to pay her a signing bonus of $2 million at the end of each year for 10 years, starting at the end of the first year. The value of this signing bonus is:
A) the present value of the ordinary annuity.
B) $0 because no cash is owed immediately.
C) the future value of the ordinary annuity.
D)$20 million.

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