Question: True or false a. Convertible bonds are usually senior claims on the firm. b. The higher the conversion ratio, the more valuable the convertible. c.

True or false
a. Convertible bonds are usually senior claims on the firm.
b. The higher the conversion ratio, the more valuable the convertible.
c. The higher the conversion price, the more valuable the convertible.
d. Convertible bonds do not share fully in the price of the common stock, but they provide some protection against a decline.

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