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QUESTION 6 An Investor owns convertible preferred stock with a conversion price of $20. If the common stock of the same company trades at $22,

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QUESTION 6 An Investor owns convertible preferred stock with a conversion price of $20. If the common stock of the same company trades at $22, what is the value of the common stock that the investor may convert into? $120 $110 $100 $105

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