MCQ Detailed View

The formula for calculating the current market price of stock is:

Current Market Price=Conversion ValueConversion Rate\text{Current Market Price} = \frac{\text{Conversion Value}}{\text{Conversion Rate}}Current Market Price=Conversion RateConversion Value

Substitute the values:

Current Market Price=8,500430=19.767≈19.77\text{Current Market Price} = \frac{8,500}{430} = 19.767 \approx 19.77Current Market Price=4308,500=19.767≈19.77

But wait – check the given options. The closest to 19.77 should be 19.24, not 13.24. So the correct answer is:

✅ 19.24