What is the current market price
Problem:
A 6.5 percent coupon bond has a face value of $1,000 and a current yield of 6.61 percent.
Required:
Question: What is the current market price?
Note: Please show how to work it out.
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Question: Using only the information given, estimate the market value of one share of Charleston's stock. Note: Provide support for your rationale.
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Question: What is the current market price? Note: Please show how to work it out.
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