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You are considering investing $ 8 2 0 in Higgs B . Technology Inc. You can buy common stock at $ 2 4 . 8

You are considering investing $820 in Higgs B. Technology Inc. You can buy common stock at $24.85 per share; this stock pays no dividends. You can also buy a convertible bond($1,000 par value) that is currently trading at $820 and has a conversion ratio of 29. It pays $48 per year in interest. If you expect the price of the stock to rise to $33.02 per share in one year, which instrument should you purchase?

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