Question 35 View Policies Current Attempt in Progress When authorizing bonds to be issued, the board of directors does not specify the total number of bonds authorized to be sold. total face value of the bonds. selling price. contractual interest rate. Assignment sent to Gradebook. Your grade is being recorded. Fri, May 15, 2020, 9:19:08 PM (America/Los Angeles -07:00) Question 41 View Policies Current Attempt in Progress All of the following statements regarding convertible bonds are true except bondholders with convertible bonds receive interest on the bonds until conversion. if the market price of common stock increases substantially, bondholders with convertible bonds benefit. convertible bonds can be converted into common stock at the option of the issuing company. convertible bonds sell at a higher price and pay a lower rate of interest than those without the conversion option. DOK. Your grade is being recorded. Fri May 15, 2020, 9:19:08 PM America/Los Angeles -07:00)