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Assume that Almond Milk Company has a $1,000 face value bond with a stated coupon rate of 8.02 percent that is convertible into its common

Assume that Almond Milk Company has a $1,000 face value bond with a stated coupon rate of 8.02 percent that is convertible into its common stock at $35.35. The bond is selling at $1,073.67 in the market. The common stock is selling for $33.74 and pays a dividend of 0.72 per share. Calculate the yield advantage.

Please calculate the final answer to two decimal places in percentage form.

Please write the % sign in the units box.

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