Which one of the following defines an in-the-money bond?
A) secured bond with collateral value that exceeds the bond's price
B) callable bond with a call price that exceeds the current market price
C) put bond with a put price that exceeds the current market price
D) convertible bond with a call price that exceeds its conversion value
E) convertible bond with a conversion value that exceeds its call price
Correct Answer:
Verified
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