The conversion values is $7000 and the conversion rate received on stock conversion is 370 then current market price of stock is __________?
Correct answer: B. 18.92
- A. 16.92
- B. 18.92
- C. 13.92
- D. 11.92
Explanation
The current stock price equals conversion value divided by the conversion rate: $7,000 ÷ 370 = about $18.92. This is the market price per share implied by the conversion terms.
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