Which of the Following Is Not a Normal Characteristic of a Convertible

Multiple Choice

Which of the following is not a normal characteristic of a convertible bond?

A) Conversion at the option of the issuer.
B) Conversion into a fixed number of shares of common stock.
C) A conversion price initially above the market price of the common stock.
D) An interest rate lower than that on straight debentures.
E) Subordination.