All Other Factors Being Equal a $1,000,000,10 Year,8% Face Rate

Multiple Choice

All other factors being equal a $1,000,000,10 year,8% face rate convertible bond will differ how from a $1,000,000,10 year,8% nonconvertible bond.

A) Lower market rate of interest and higher cash proceeds
B) Higher market rate of interest and smaller cash proceeds
C) Same Market interest rate and same cash proceeds
D) Lower market interest rate and smaller cash proceeds