Business

Summer Moyer

21 November, 07:17

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

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