Concerning Convertible Bonds, Which of the Following Statements Is Not

Concerning convertible bonds, which of the following statements is not correct?

A) A convertible bond issue would generally have fewer restrictive covenants than an otherwise identical nonconvertible bond.
B) Convertible bonds can be issued at a lower coupon compared with otherwise non-convertible bonds.
C) If the value of a convertible bond exceeds the maximum of its straight bond value or its conversion value, the difference would be referred to as the option value.
D) Since convertible bonds will be exchanged for common stock, convertible bonds are generally not callable.
E) More than one of the above is incorrect.