EBK CORPORATE FINANCE
EBK CORPORATE FINANCE
4th Edition
ISBN: 8220103164535
Author: DeMarzo
Publisher: PEARSON
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Chapter 22, Problem 19P

An original silver dollar from the late eighteenth century consists of approximately 24 grams of silver. At a price of $0.19 per gram ($6 per troy ounce), the silver content of the coin is worth about $4.50. Assume that these coins are in plentiful supply and are not collector's items, so they have no numismatic value. If the current price of silver is $0.19 per gram, will the price of the coin be greater than, less than, or equal to $4.50? Justify your answer.

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EBK CORPORATE FINANCE

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