Consider a convertible bond as follows: par value: $1,000.00 coupon rate: 5.00% market price of the convertible bond: $950.00 conversion ratio: 22 yield to maturity of straight bond: 10.00% stock price: $30.00 DPS: $1.00 What is the realized return (in %) from investing in the convertible bond if the stock price changes to $35?

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