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This question belongs to Management International Finance And Treasury

International Finance and Treasury

?

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 & Solution

Correct Answer: Option D

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

Question posted by Examveda

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