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Management · Q213

International Finance and Treasury

Graduate and Post Graduate · Management · question 213

Q213

Current market price of common stock is 15 and conversion rate received on conversion is 320 to calculate

A.
$3,800
B.
$2,800
C.
$4,800
Answer
D.
$5,800

Answer: Option C

Solution

Answer: Option C
Solution:
Conversion Price = Conversion rate received on conversion × Current market price of common stock
= 15 = $4,800.
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