Examveda

Current market price of common stock is $18 and conversion rate received on conversion is $410 to calculate

A. $3,580

B. $5,380

C. $6,380

D. $7,380

Answer: Option D

Solution (By Examveda Team)

Conversion Price = Conversion rate received on conversion × Current market price = $410 × $18 = $7,380.

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