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You are considering investing $ 8 9 0 in Higgs B . Technology Inc. You can buy common stock at $ 2 5 . 4

You are considering investing $890 in Higgs B. Technology Inc. You can buy common stock at $25.43 per share; this stock pays no dividends. You can also buy a convertible bond ( $1,000 par value) that is currently trading at $890 and has a conversion ratio of 29. It pays $52 per year in interest. If you expect the price of the stock to rise to $36.58 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.)
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