Q0 Objectire 20.5 Daily Corporation has outstanding 50,000 shares of $30 par-value preferred stock, issued at an average price of $37 a share. The preferred stock is convertible into common stock at the rate of three shares of common stock for ch share of preferred stock. Neil Thomas owns 200 shares of the preferred stock. During the current year, he decides to convert 600 shares into common stock. How many shares of common stock will he receive