FX Bank has succeeded in hiring ace foreign exchange trader Coral Gables. Her remuneration package includes an annual bonus of 20% of the profits that she generates in excess of $100 million. Write down the expression for the bonus contract of Ms. Gables (one line). What kind of incentive does it provide in terms of Ms. Gables exerting efforts? (no more than three lines)

Entrepreneurial Finance
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ISBN:9781337635653
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FX Bank has succeeded in hiring ace foreign exchange trader Coral Gables. Her remuneration package includes an annual bonus of 20%
of the profits that she generates in excess of $100 million.
Write down the expression for the bonus contract of Ms. Gables (one line).
What kind of incentive does it provide in terms of Ms. Gables exerting efforts? (no more than three lines)
Edit View Insert Format Tools Table
12pt V Paragraph V | BI U Α
AV
2 T² v
ca
•
. స | :
Transcribed Image Text:FX Bank has succeeded in hiring ace foreign exchange trader Coral Gables. Her remuneration package includes an annual bonus of 20% of the profits that she generates in excess of $100 million. Write down the expression for the bonus contract of Ms. Gables (one line). What kind of incentive does it provide in terms of Ms. Gables exerting efforts? (no more than three lines) Edit View Insert Format Tools Table 12pt V Paragraph V | BI U Α AV 2 T² v ca • . స | :
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