_{19. Replication Strategy 1: A long position in high yield corporate bonds and a short position in US Treasury securities with a similar duration. Replication Strategy 2: A long position in convertible bonds and a short position in the equity if the firm issuing the convertible bond. Which of the following hedge fund strategies can be replicated by Replication Strategy 1 and 2? A. Fixed-income arbitrage for both strategies. B. Fixed income arbitrage for Replication Strategy 1 and convertible arbitrage for Replication Strategy 2. C. Convertible arbitrage for 1 and fixed-income arbitrage for 2.}