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You are considering investing $800 in Higgs B. Technology Inc You can buy common stock at $25.81 per share, this stock pays no dividends You

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You are considering investing $800 in Higgs B. Technology Inc You can buy common stock at $25.81 per share, this stock pays no dividends You can also buy a convertible bond ( $1,000 par value) that is currently trading at $800 and has a conversion ratio of 27 it pays $47 per year in interest If you expect the price of the stock to rise to $3817 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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