Which of the following is not a valid reason for owning convertible bonds maturing in five years that are issued by a tech company?

Multiple Choice

• The convertible bond has had a low correlation with the rest of your portflio.

• You want to participate in the upside of a stock but are afraid to lose money.

• You think interest rates will fall in the next five years.

• You think the underlying stock price will be much more volaile than it has been.

• Your investment focus is on having the highest income obtainable.