$10$ Fixed IncomeQuestion $10,$ P$10\mathrm{.}17($book$/$static$)$Part $2$ of $3$HW Score: $63\mathrm{.}33\%,6\mathrm{.}33$ of $10$ points$$ Points: $0\mathrm{.}33$ of $1$SaveYou are considering investing $$800$ in Higgs B$.$ Technology Inc. You can buy common stock at $$25\mathrm{.}00$ per share; this stock pays no dividends. You can also buy a convertible bond $($$$1,000$ par value$)$ that is currently trading at $$790$ and has a conversion ratio of $30.$ It pays $$40$ per year in interest. If you expect the price of the stock to rise to $$33\mathrm{.}00$ per share in one year, which instrument should you purchase?The holding period return on the purchase of the common stock would be $32\%.($Round to two decimal places.$)$The holding period return on the purchase of the convertible bond would be $32\%.($Round to two decimal places.$)$