Compute the dollar amount of interest that will be earned per year for three bonds listed as Hertz 8.4s15 and two bonds listed as Cmz 9s18.

Convertible Bonds

Corporate bonds that have a provision that they may be converted to a designated number of shares or to a designated value of the corporation’s stock.

Face Value

The dollar amount written on a note; it is the same as the amount borrowed, or the principal. With regard to corporate and government bonds, the amount that will be paid to the holder when a bond is redeemed at maturity.

Common Stock

The usual type of stock issued by a corporation, often with different rights compared to preferred stock.