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15. Suppose that the price of the common stock of Miser Electronics whose convertible bond was described in the previous question increases from $25 to

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15. Suppose that the price of the common stock of Miser Electronics whose convertible bond was described in the previous question increases from $25 to $54. a. What will be the approximate return realized from investing in the convertible bondif an investor had purchased the convertible for $900? b. What would be the return realized if $25 had been invested in the common stock? c. Why would the return be higher by investing in the common stock directly ratherthan by investing in the convertible bond

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