Question

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

Answer

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