When a company issues convertible bonds with a $1,000 par value that can be converted to...

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When a company issues convertible bonds with a $1,000 par value that can be converted to 20 shares of common stock, each bond includes: O a put option with an exercise price of $20 per share. O a call option with an exercise price of $20 per share. O a call option with an exercise price of $50 per share. O a put option with an exercise price of $200 per share. When a company issues convertible bonds with a $1,000 par value that can be converted to 20 shares of common stock, each bond includes: O a put option with an exercise price of $20 per share. O a call option with an exercise price of $20 per share. O a call option with an exercise price of $50 per share. O a put option with an exercise price of $200 per share.