[Solved] A firm has outstanding convertible prefer

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A firm has outstanding convertible preferred stock with a par value which is convertible into three shares of common stock. The conversion value is $45.

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A firm has outstanding convertible preferred stock with a par value which is convertible into three shares of common stock. The conversion value is $45. What is the current market price of a share of common stock? $20.00 S15.00 $17.33 $16.67

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