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

	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 companys stocks, if certain conditions are met.
	e.	The goal of Merrill Lynchs Equity-linked Capital Markets Group is to satisfy Mogen Inc. by finding the right combination of conversion price and coupon rate.