Jenna just bought a convertible bond, today the strictly debt value is inferior relative to the conversion value. If the required return on the bond increases:

a) The minimum price of the bond will decrease.

b) The minimum price of the bond will increase

c) The minimum price of the bond remains the same.

d) The strictly debt value of the bond will be superior to the conversion value.

e) It is impossible to make that determination with this information.