Assume an efficient market with no arbitrage opportunities. A convertible bond currently has a conversion value far greater than its straight value. How does this convertible bond's market conversion price compare to its common share price and why?

A. Market conversion price>common share price, because the convertible bond offers investors unlimited upside potential which common shares do not

B. Market conversion price=common share price, because the convertible is no different from equity in this scenario

C. Market conversion price

D. Market conversion price

E. Market conversion price>common share price, because the convertible bond offers investors downside protection which common shares do not.