Question 11 Which of the following statements best describes convertible bonds? They can be converted to common stock at the option of the bondholder. They can be converted to common stock at the option of the issuer. They can be turned in for early retirement at the option of the bondholder. O They can be called for early retirement at the option of the issuer. Question 12 Which of the following statements is correct? OA bond trustee is appointed to represent the issuing company. The bond indenture specifies the market rate of interest the investors will earn O An unsecured bond can be paid at the option of the issuer. A secured bond has specific assets pledged as collateral to secure it. 5 pts 5 pts