Zulu Corporation hires a new chief executive officer and promises to pay her a signing bonus of $2 million per year for 10 years, starting 5 years after she joins the company. The liability for this bonus when the CEO is hired is: a) is the present value of a deferred annuityb) is the present value of an annuity duec) is zero because no cash is owed for 5 yearsd) is $20 million
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