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Management · Q346

International Finance and Treasury

Graduate and Post Graduate · Management · question 346

Q346

Conversion values is 7000 and conversion rate received on stock conversion is 370 then current market price of stock is

A.
$16.92
B.
$18.92
Answer
C.
$13.92
D.
$11.92

Answer: Option B

Solution

Answer: Option B
Solution:
Current market price of stock = Conversion values ÷ Conversion rate received on stock conversion
= 18.92.
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