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
D. $5,800
Answer: Option C
Solution(By Examveda Team)
Conversion Price = Conversion rate received on conversion × Current market price of common stock= $320 × $15 = $4,800.
This Question Belongs to Management >> International Finance And Treasury
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