3. 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 bond if an investor had purchased the convertible for S900? b. What would be the return realized if $25 had been invested in the commorn stock? c. Why would the return be higher by investing in the common stock directly rather than by investing in the convertible bond? 3. 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 bond if an investor had purchased the convertible for S900? b. What would be the return realized if $25 had been invested in the commorn stock? c. Why would the return be higher by investing in the common stock directly rather than by investing in the convertible bond