With regard to convertible bonds, one characteristic of which your clients should be aware of is that:.A) although they trade in line with the issuer's common stock, they are less volatile than the common shares. B) convertible bonds are classified as equity instruments. C) they generally pay a higher interest rate than nonconvertible bonds. D) the holder will always have the choice to convert to the issuer's preferred shares or the issuer's common shares, whichever suits them best.