The current market price of common stock is $15 and the conversion rate received on conversion is $320 to calculate
Correct answer: C. 4800
- A. 3800
- B. 2800
- C. 4800
- D. 5800
Explanation
Conversion value equals the common-stock price multiplied by the conversion ratio: $15 × 320 shares = $4,800. Therefore, the calculated value is option c.
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