1. Jorge bought APJ Inc.'s convertible bond at par ($1,000) with a yield of 3.25%. This bond had a conversion ratio of 25:1 at the price of $40 per share. If APJ Inc.'s shares are currently trading at $35 per share, should Jorge convert his bonds into shares?
2. Compare commercial banking with investing banking. Which type of banking has impacted the US economy the most in recent years?