Question: Round your final answer to 4 decimal places. Do not enter your answers in percentage. All answers are in decimal. Select the WRONG answer. A.

Round your final answer to 4 decimal places. Do not enter your answers in percentage. All answers are in decimal.

Select the WRONG answer.

A. A callable bond has a lower price than an otherwise identical straight bond.

B. A convertible bond has a higher price than an otherwise identical straight bond.

C. Warrants have time value but rights don't.

D. A warrant has a lower price than an otherwise identical put option because of dilution effect.

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