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Question 4 (1 point) Saved Assume that Almond Milk Company has a $1,000 face value bond with a stated coupon rate of 6.96 percent
Question 4 (1 point) Saved Assume that Almond Milk Company has a $1,000 face value bond with a stated coupon rate of 6.96 percent that is convertible into its common stock at $35.04. The bond is selling at $1,062.22 in the market. The common stock is selling for $33.38 and pays a dividend of 0.84 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. Your Answer: % Answer units
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