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Management · Q283

International Finance and Treasury

Graduate and Post Graduate · Management · question 283

Q283

Conversion values is 9500 and conversion rate received on stock conversion is 460 then current market price of stock is

A.
$12.65
B.
$15.65
C.
$17.65
D.
$20.65
Answer

Answer: Option D

Solution

Answer: Option D
Solution:
Current market price of stock = Conversion values ÷ Conversion rate received on stock conversion
= 20.65.
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