You are considering investing $$860$ in Higgs B$.$ Technology Inc. You can buy common stock at $$24\mathrm{.}57$ per share; this stock pays no dividends. You can also

buy a convertible bond $($ $$1,000$ par value$)$ that is currently trading at $$860$ and has a conversion ratio of $31.$ It pays $$51$ per year in interest. If you expect the

price of the stock to rise to $$36\mathrm{.}56$ per share in one year, which instrument should you purchase?

The holding period return on the purchase of the common stock would be

$\%.($Round to two decimal places.$)$