25) A convertible bond" provides the option to convert: 25) A) a bond into shares...

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25) A convertible bond" provides the option to convert: 25) A) a bond into shares of common stock. B) a junk bond to a zero-coupon investment-grade bond C) a zero-coupon bond to a coupon-paying bond D) fixed-rate coupon payments into variable-rate payments. 26) The market price of a bond with 12 years until maturity and an annual coupon rate of 896 increased yesterday. Which one ofthese may have caused this price increase? 26) A) The issuing firm announced the next interest payment. B) Market interest rates decreased. C) The bond's rating was downgraded. D) The issuing firm announced that its annual earnings met investor expectations

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