1.Use the bonds below to answer questions 9-10. ACE Inc. bond H: convertible bond with a conversion price of $70 ACE Inc. bond O: identical to bond H except that it does not include a conversion option The minimum value of bond H is equal to the greater of:

A. The conversion value of bond H and the current value of bond O B. The current value of bond O and a call option on ACEs common stock C. The conversion value of bond H and a call option on ACEs common stock D. The conversion value of bond H and a put option on CEs common stock