The holding period return on the purchase of the common stock would be \%. (Round to two decimal places.)

You are considering investing $880 in Higgs B. Technology Inc. You can buy common stock at $23.78 per share; this stock pays no dividends. You can also buy a convertible bond ($1 ,000 par value) that is currently trading at $880 and has a conversion ratio of 35. It pays $52 per year in interest. If you expect the price of the stock to rise to $31.04 per share in one year, which instrument should you purchase? 000. (Round to two decimal places.) The holding period return on the purchase of the common stock would be