A French corporation issued a convertible bond in May. 2017, due May. 15, 2029 (12 years). It has a coupon of 5%, paid annually. The bond, with a par value of $1,000, is convertible into 40 shares of common stock. Investors paid par value for the bonds, and the price is unchanged. If this company were to issue a straight (non-convertible) bond, it would have had to pay a yield of 11%. The current stock price is $21 per share, and the stock pays an annual dividend of $0.50 per share. From the point of view of the investor, what is the breakeven (years) between buying the stock, and buying the convertible bond

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.

Iwould say the answer is 4.

True i took the test already