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A share of a venture s preferred stock is convertible into 1.5 shares of its common stock. The dividend on the preferred stock is $.50

A share of a venture s preferred stock is convertible into 1.5 shares of its common stock. The dividend on the preferred stock is $.50 per share. If the firm s common stock is currently trading at $9.75, what is the conversion value of a share of the preferred stock? What would be the dividend yield on the preferred stock based on its conversion value?

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