Jana Owns Preferred Stock from High Brow Cow Dairy Farms

question 71

Multiple Choice

Jana owns preferred stock from High Brow Cow Dairy Farms, makers of the finest dairy products. The stock has a par value of $1,250 and a conversion ratio of 25. The stock is currently convertible. The firm's common stock is selling for $57 per share. If Jana converts the preferred stock, what would be the conversion value?

• A) $1,250
• B) $31,250
• C) $2,850
• D) $1,425

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A French philosopher and social theorist known for his critical studies of various social institutions, including psychiatry, medicine, the prison system, and the history of human sexuality.