Question: What is an extra $20 million a year in earnings for 10 years worth to a company today?
Note, 10-year US treasuries are paying 4.2 per cent and the contract starts this time next year.
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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
