Tim own shares of Good Dog Inc.Tim's friendJennifer told Tim, "I heard that Good Dog Inc. is going to issue convertible bonds - at a price that doesn't seem much different from non-convertible bonds."When Tim heard this, he was mad.Jennifer, on the other hand, is a conservative investor who is very old and depends on a steady income.She was happy.Describe why Tim might be unhappy and Jennifer might be happy.(3 marks)