Following statements are concerned with the case study, Mogen Inc. Which of the following statements isleastaccurate?

a.The conversion price of a convertible bond is equivalent to the exercise price of call option.

b.As a holder of a convertible bond, you take a long position on a straight bond and a short position on call options.

c.The conversion rate is equivalent to the number of options you hold.

d.If you hold a convertible bond, you can change the bond into the company's stocks, if certain conditions are met.

e.The goal of Merrill Lynch's Equity-linked Capital Markets Group is to satisfy Mogen Inc. by finding the right combination of conversion price and coupon rate.