Calamos Convertible Opportunities and Income Fund (CHI): A Reasonable Price for a 10.85% Yielding CEF

The Calamos Convertible Opportunities and Income Fund (CHI) is a closed-end fund offering a 10.85% yield. CHI invests in a diversified portfolio of convertible securities, providing a relatively stable source of income with the potential for capital appreciation. The fund's shares are trading at a reasonable price, making it an attractive option for investors seeking a high income and stable returns.