conversion price

简明释义

转换价格

英英释义

例句

1.The company set the conversion price at $10 per share for its new convertible bonds.

公司为其新发行的可转换债券设定了转换价格为每股10美元。

2.The conversion price is an important factor in determining the value of convertible securities.

在确定可转换证券的价值时，转换价格是一个重要因素。

3.Investors need to consider the conversion price when evaluating the potential return on their investment.

投资者在评估投资的潜在回报时需要考虑转换价格。

4.If the stock price exceeds the conversion price, investors may choose to convert their bonds.

如果股票价格超过转换价格，投资者可能会选择转换他们的债券。

5.The conversion price is often set at a premium to the current market price of the stock.

通常，转换价格会高于当前股票的市场价格。

作文

Understanding the concept of conversion price is essential for investors and financial analysts alike. The conversion price refers to the price at which a convertible security, such as a bond or preferred stock, can be converted into common stock. This price is predetermined and is a crucial factor in determining the potential return on investment for holders of convertible securities.When investors purchase convertible securities, they often do so with the expectation that the underlying company will perform well. If the company's stock price rises above the conversion price, investors can convert their securities into shares of common stock, thus benefiting from the increase in value. For instance, if an investor holds a convertible bond with a conversion price of $50 and the company's stock rises to $70, converting the bond into stock allows the investor to realize significant gains.The conversion price is typically set at a premium to the current market price of the stock at the time the convertible security is issued. This premium compensates the issuer for the additional risk taken on by the investor. It also reflects the potential upside that the investor hopes to achieve if the company performs well. The relationship between the conversion price and the market price of the underlying stock is a key metric that investors monitor closely. Moreover, the conversion price plays an important role in the capital structure of a company. When convertible securities are converted into common stock, it can lead to dilution of existing shareholders' equity. This is because new shares are introduced into the market, which can reduce the earnings per share (EPS) for current shareholders. Therefore, companies must carefully consider the implications of setting a conversion price that may lead to significant conversions.In addition, understanding the conversion price can help investors make informed decisions about when to convert their securities. Timing is critical; if the stock price increases significantly, it may be wise to convert sooner rather than later to lock in profits. Conversely, if the stock price remains below the conversion price, investors may choose to hold onto their convertible securities, waiting for a more favorable market condition.Furthermore, the conversion price can also be adjusted under certain circumstances, such as stock splits or dividends paid in stock. These adjustments ensure that the value of the convertible security remains fair and equitable for both the issuer and the investor. Thus, it is important for investors to stay informed about any changes in the terms of their convertible securities, including the conversion price.In conclusion, the conversion price is a vital concept in the realm of finance and investment. It serves as a benchmark for potential profitability and influences the decisions of both issuers and investors. By understanding the implications of the conversion price, investors can better navigate the complexities of convertible securities and make strategic choices that align with their investment goals.

理解转换价格的概念对于投资者和金融分析师来说都是至关重要的。转换价格是指可转换证券（例如债券或优先股）可以转换为普通股的价格。这个价格是预先确定的，是决定持有可转换证券的投资者潜在投资回报的重要因素。当投资者购买可转换证券时，他们通常是希望基础公司能表现良好。如果公司的股票价格上涨超过转换价格，投资者就可以将其证券转换为普通股，从而从价值的增长中受益。例如，如果某位投资者持有一只转换债券，其转换价格为50美元，而公司的股票上涨至70美元，则将债券转换为股票使投资者能够实现显著的收益。转换价格通常设定为发行时股票当前市场价格的溢价。这个溢价补偿了发行者所承担的额外风险，同时也反映了投资者希望在公司表现良好时实现的潜在上行空间。转换价格与基础股票的市场价格之间的关系是投资者密切关注的关键指标。此外，转换价格在公司的资本结构中也起着重要作用。当可转换证券被转换成普通股时，可能会导致现有股东权益的稀释。这是因为新股份被引入市场，可能会降低当前股东的每股收益（EPS）。因此，公司必须仔细考虑设定一个可能导致重大转换的转换价格的影响。此外，理解转换价格可以帮助投资者做出明智的决策，决定何时转换他们的证券。时机至关重要；如果股票价格显著上涨，尽早转换以锁定利润可能是明智的。相反，如果股票价格仍低于转换价格，投资者可能选择持有其可转换证券，等待更有利的市场条件。此外，在某些情况下，例如股票拆分或以股票支付的股息，转换价格也可以进行调整。这些调整确保可转换证券的价值对发行者和投资者都是公平和合理的。因此，投资者必须随时了解其可转换证券条款的任何变化，包括转换价格。总之，转换价格是金融和投资领域中的一个重要概念。它作为潜在盈利能力的基准，并影响发行者和投资者的决策。通过理解转换价格的影响，投资者可以更好地驾驭可转换证券的复杂性，并做出与其投资目标相一致的战略选择。