Which of the following statements is most correct?

A) A convertible bond gives the issuer the right to exchange bonds for common stock.

B) Income bonds pay interest based on an inflation index.

C) A callable bond gives the bondholder the right to sell the bonds back to the issuer under specified terms prior to the normal maturity date.

D) Warrants are options that permit the issuer to buy back bonds at a stated price.

E) Putable bonds allow bondholders to sell bonds back to the issuer under specified terms prior to the normal maturity date.