Which of the following statements regarding convertible bonds is false?

Multiple Choice

• Convertible bonds can be exchanged for a fixed number of shares of the issuing corporations stock.

• Holders of convertible bonds have the potential to profit from increases in stock price.

• Holders of convertible bonds can receive the par value if they hold the debt to maturity.

• Holders of convertible bonds receive interest while the debt is held.

• Holders of convertible bonds can choose how many shares of stock to receive at conversion