Business, 30.03.2020 20:12 xxmattieboo7xx

A corporation issues $50 par convertible preferred stock, convertible at $20 per share, when the market price of the common is currently $10. Which statement is TRUE?

A. The conversion ratio is 10:1
B. The conversion ratio is 5:1
C. The conversion ratio is 2.5:1
D. The conversion ratio is 2:1

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A corporation issues $50 par convertible preferred stock, convertible at $20 per share, when the mar...

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