Current market price of common stock is 12 and conversion rate...

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Examveda

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

A. $18.75

B. $2,700

C. $237

D. $450

Answer: Option B

Conversion Price = Conversion rate received on conversion × Current market price of common stock
= $225 × $12 = $2,700.

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