The conversion values is $9500 and the conversion rate received on stock conversion is 460 then current market price of stock is ____________?
Correct answer: D. 20.65
- A. 12.65
- B. 15.65
- C. 17.65
- D. 20.65
Explanation
The stock’s current market price is found by dividing conversion value by the conversion ratio: $9,500 ÷ 460 = approximately $20.65. The conversion ratio tells how many shares are received on conversion.
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Business finance explains how organisations plan, obtain and use money while balancing risk, return and liquidity. Topics include financial statements, time value of money, budgeting, working capital, capital structure, sources of finance, investment appraisal and cost of capital. Capital budgeting evaluates long-term projects, whereas working capital manages day-to-day operations.
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