Describe why tim might be unhappy

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Tim own shares of Good Dog Inc. Tim's friend Jennifer told Tim, "I heard that Good Dog Inc. is going to issue convertible bonds - at a price that doesn't seem much different from non-convertible bonds." When Tim heard this, he was mad. Jennifer, on the other hand, is a conservative investor who is very old and depends on a steady income. She was happy. Describe why Tim might be unhappy and Jennifer might be happy.

Reference no: EM132558470

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