Contingent Convertible Bonds (CoCos) Are NOT Similar to Ordinary Convertible

Contingent Convertible bonds (CoCos) are NOT similar to ordinary convertible bonds because:

A) CoCos are convertible to the firm's preferred stock while the ordinary convertible bonds are convertible to the firm's common stock.
B) CoCos offer a higher coupon than ordinary convertible bonds.
C) Cocos are convertible into stock only if the firm's stock price hits a certain level.
D) Ordinary convertible bonds are converted to the firm's stock if the firm's stock falls below a certain level.