Seagull Company has issued $100 par callable convertible preferred shares in which each share can be converted into 5 shares of Seagull Company common stock. The price of Seagull Company's common stock is $25 per share. The price of Seagull Company's preferred stock is $135. Seagull Company's preferred stock is callable at $110 per share. What is the conversion ratio of Seagull Company's preferred stock?

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The Answer of Seagull Company has issued $100 par callable convertible preferred shares in which each share can be converted into 5 shares of Seagull Company common stock. The price of Seagull Company's common stock is $25 per share. The price of Seagull Company's preferred stock is $135. Seagull Company's preferred stock is callable at $110 per share. What is the conversion ratio of Seagull Company's preferred stock?

Seagull Company Has Issued $100 Par Callable Convertible Preferred Shares