A 10-year IBM bond can be converted into 20 shares of IBM common stock. This bond contains an embedded option which is: A B beneficial to the bond issuer. beneficial to the bond holder. effectively a put option owned by the bond issuer. C Which of the following statements is most likely to be correct? A B An on-the-run Treasury issue tends to sell at a lower price. An on-the-run Treasury issue is the most recent issue for a maturity. An on-the-run Treasury issue tends to sell at a higher price. C