CCM Equity Securities Practice Questions - SEC Sri Lanka Certificate In Equity Securities (CCM) Exam

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If a preferred share is convertible into 5 common shares, and the preferred share is currently trading at Rs. 150.00, what is the conversion price of the common stock?

Rs. 30.00 Rs. 50.00 Rs. 15.00 Rs. 750.00

Correct Answer:

Rs. 30.00

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