Which of the following statement is incorrect? A call provision gives the firm issuing the bonds the option to purchase the bond from an investor at a predetermined price called as the call price. Convertible bonds can be converted into shares of preferred stock at twice of the ratio at the discretion of the common stockholders. Corporate bonds are long-term IOUs that represent claims against a firm's assets. Whenever a bond's coupon rate is lower than the market rate of interest on similar bonds, the bond will sell at a discount, and such bonds are called discount bonds. Most of the answers are correct except one