Which of the following statements is most CORRECT about convertible bonds?

A) The market price of convertible bond can never fall below the higher of its straight debt value or its conversion value.

B) The market price of convertible bond can fall below its straight debt value.

C) The market price of convertible bond can fall below its conversion value.

D) The conversion ratio is the dollar amount of a bond's par value that is exchangeable for one share of stock.

E) The conversion price is the number of common shares that will be received for each bond or share of preferred stock that is converted.