Which of the Following Statements About Bonds That Are Both

Multiple Choice

Which of the following statements about bonds that are both convertible and callable is NOT true?

A) If these bonds are called by the issuer, the holder can choose to convert them rather than let them be called.
B) The decision to be made by the bondholder when the bonds are called is the same as she would have to make at maturity.
C) The issuer can force bondholders to decide whether or not to convert at a time of the issuer's choosing.
D) Prior to maturity, the value of such a bond will be greater than the shares that bond can be converted into.