Which of the following statements is/are correct? I. A bond with a call provision sells at a higher price than one without, all else equal II. A bond rated AA sells at a higher price than a bond rated A, all else equal III. A bond with a protective covenant sells at a higher price than one without, all else equal All are correct II only II and III III only cuestion 22 (0.5 points) You are a financial advisor at the bond dealer Dewey, Cheatem, and Howe. Your client has informed you that she is on the Board of Directors of a company that needs to buy some bonds, but is only allowed to purchase investment grade bonds. You recommend the D-rated bonds of Dry Wells Oil Exploration, Inc., because, although the par value of the bonds is $1000, the current market price is only $200. Which of the following statements is False? Investors clearly believe this company is not in danger of bankruptcy Your client will not be able to purchase these bonds The yield to maturity of these bonds is higher than the coupon rate You made a very bad recommendation