Conversion values is 9500 and conversion rate received on stock conversion...

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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: Option D

Current market price of stock = Conversion values ÷ Conversion rate received on stock conversion
= $9500 ÷ 460 = $20.65.

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