Concerning convertible bonds, which one of these statements is false?

A) The value of a convertible bond can be greater than its straight bond value.

B) The value of a convertible bond may be greater than its conversion value.

C) A convertible bond can be separated into two distinct securities.

D) The coupon rate on a nonconvertible bond will generally exceed the coupon rate on an otherwise identical convertible bond.

E) An increase in the conversion price lowers the conversion ratio.