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Gnoma [55]
3 years ago
11

An investor purchases $100 par convertible preferred stock at $80 per share. The preferred stock is convertible into common at $

20 per share. The current market price of the common is $10 per share. If the investor were to convert, he or she would receive how many shares of common stock? A 4 B 5 C 8 D 10
Business
1 answer:
ollegr [7]3 years ago
4 0

Answer:

100000

Explanation:

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