【单选题】Consider two corporate bonds identical in all respects except that one is convertible and the other is not. The return on the convertible bond should be______.
A.
higher than that on the unconvertible bond
B.
lower than that on the nonconvertible bond
C.
the same as that on the nonconvertible bond
D.
that one cannot tell which one of the two bonds should have a higher return
【单选题】Consider two corporate bonds identical in all respects except that one has a call provision and the other has not. The return on the callable bond should be______.
A.
higher than that on the noncallable bond
B.
lower than that on the noncallable bond
C.
the same as that on the noncallable bond
D.
that one cannot tell which one of the two bonds should have a higher return