The Lion Corp.(LC)issues a 30 yearcallable bond which is also convertible to 50 shares of LC common stock.

The Lion Corp.(LC) issues a 30 year callable bond which is also convertible to 50 shares of LC common stock. Explain why LC would issue a bond with these features as opposed to just issuing a the bond without such options.  As a bondholder, would you necessarily convert these bonds when the price of the stock reaches  $22? Why or why not? Feel free to give examples in your response    Please provide reference