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You are considering investing $900 in Higgs B. Technology inc. You can buy common stock at $2813 per share, this stock pays no dividends. You

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You are considering investing $900 in Higgs B. Technology inc. You can buy common stock at $2813 per share, this stock pays no dividends. You can also buy a convertiblo bond ( $1,000 par value) that is currently trading at $900 and has a conversion ratio of 28 it pays $53 per year in interest if you expect the price of the stock to rise to $38.04 per share in one year, which instrument should you purchase? The holding period return on the purchase of the common slock would be \%. (Round to two decimal places)

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