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Management · Q325

International Finance and Treasury

Graduate and Post Graduate · Management · question 325

Q325

Current market price of common stock is 12 and conversion rate received on conversion is 225 to calculate

A.
$18.75
B.
$2,700
Answer
C.
$237
D.
$450

Answer: Option B

Solution

Answer: Option B
Solution:
Conversion Price = Conversion rate received on conversion × Current market price of common stock
= 12 = $2,700.
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