1. A ___ gives the bondholder the right, but not the obligation, to sell/exchange the ___ for a pre-specified number of shares of the issuing firm's stock.
Call option; bond
Callable bond; bond
Convertible bond; bond
Convertible bond; stock
2. ___ is the amount by which the call price exceeds the ___ of a callable bond.
Call premium; face value
Conversion price; current stock price
Call premium; conversion ratio
Conversion premium, current stock price
Conversion premium, face value
3.___ is the rate by which the conversion price of a callable bond exceeds the ___ .
Call premium; face value
Conversion price; current stock price
Call premium; conversion ratio
Conversion premium, current stock price
Conversion premium, face value