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ABC Corporation's preferred shares are cocvertible into 4 ABC comnson. shares at any time. The preferred shares are trading at 444 , and the common shares are. trading at 510 a share. If the pref shares are comverted, what is the effective conversion cost prentium pas common share? a) $1.00 b) 56.00 c) $1.50 d) 54.00 Question 34 (1 point) Shania buys one TMN dantary call option at a strike price of $25 for a premium of 510 per share. The underlying stock is trading at 532 . Which statement is true