Which of the following statements are correct concerning convertible bonds I

Which of the following statements are correct

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156.Which of the following statements are correct concerning convertible bonds?I. New shares of stock are issued when a convertible bond is converted.II. A convertible bond is similar to a bond with a put option.III. A convertible bond should never be worth less than its straight bond value.IV. A convertible bond can be described as having upside potential with downside protection. A. I and III onlyB. II and IV onlyC. I, II, and III onlyD. I, III, and IV onlyE. II, III, and IV only157.The conversion value of a convertible bond is computed as the:
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158.The maximum value of a convertible bond is theoretically: 159.You purchased six TJH call option contracts with a strike price of $40 when the option was quoted at $1.30. The option expires today when the value of TJH stock is $41.90. Ignoring trading costs and taxes, what is your total profit or loss on your investment? 160.You sold (wrote) three TXA call option contracts with a strike price of $35 when the option was quoted at $2.60. The option expires today when the value of TXA stock is $33.70. Ignoring trading costs and taxes, what is your total profit or loss on your investment? A. $0B. $260C. $390D. $780E. $1,170 161.The market price of ABC stock has been very volatile and you think this volatility will continue for a few weeks. Thus, you decide to purchase a one-month call option contract on ABC stock with a strike price of $25 and an option price of $1.30. You also purchase a one-month put option on ABC stock with a strike price of $25 and an option price of $.50. What will be your total profit or loss on these option positions if the stock price is $24.60 on the day the options expire? 162.Several rumors concerning Wyslow, Inc. stock have started circulating. These rumors are causing the market price of the stock to be quite volatile. Given this situation, you decide to buy both a one-month put and a call option on this stock with an exercise price of $15. You purchased the call at a quoted price of $.20 and the put at a price of $2.10. What will be your total profit or loss on these option positions if the stock price is $4 on the day the options expire?
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