If the market price of Pro Stars common stock falls from its level on 19 October 20X0,

Question:

If the market price of Pro Star’s common stock falls from its level on 19 October 20X0, the price of the convertible bond will most likely:

A . fall at the same rate as Pro Star’s stock price.

B . fall but at a slightly lower rate than Pro Star’s stock price.

C . be unaff ected until Pro Star’s stock price reaches the conversion price.

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