Corpus Christie Inc has $10 million face value zero-coupon bonds due in 6 years, and its
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Corpus Christie Inc has $10 million face value zero-coupon bonds due in 6 years, and its σ is 0.4. The total market value of Corpus Christie is $25 million and the riskless rate is 4%. The company has 3 million shares outstanding. Find its price per share.
Face value is a financial term used to describe the nominal or dollar value of a security, as stated by its issuer. For stocks, the face value is the original cost of the stock, as listed on the certificate. For bonds, it is the amount paid to the...
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