5. Financing with convertibles Just ilke any financing security, convertibles have certain advantages and disadvantages. Based on your understanding of using convertibles for financing, identify whether each of the features listed in the following table is an advantage or a disadvantage from an issuer's standpoint: Considering the pros and cons of convertible securities, under which of the following two situations is a company likely to issue convertibles? When issuing new stock could have a negative signaling effect on investors When issuing new stock could have a positive signaling effect on investors