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03-01-2020
Social Studies

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A Major League Baseball player signs a contract that paysâ€‹ $27 million over 5 years. Theâ€‹ $27 million is theâ€‹ contract's _________________

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03-01-2020

Answer:

Nominal value of the contract

Explanation:

Nominal Contract Value is the total amount of money that is paid to the contract beneficiary. it is calculated by summing the multiplication of the Contract Amount by the Contract Price for each Contract Year.

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