Conversion values is 7000 and conversion rate received on stock conversion...

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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

C. $13.92

D. $11.92

Answer: Option B

Current market price of stock = Conversion values ÷ Conversion rate received on stock conversion
= $7000 ÷ 370 = $18.92.

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