Conversion price

简明释义

转换价

英英释义

例句

1.Investors need to understand the Conversion price before deciding to convert their securities.

投资者在决定转换他们的证券之前，需要了解转换价格。

2.A lower Conversion price can make the bond more attractive to potential investors.

较低的转换价格可以使债券对潜在投资者更具吸引力。

3.The company set a Conversion price to encourage investors to convert their bonds into shares.

公司设定了一个转换价格以鼓励投资者将他们的债券转换为股票。

4.After the company announced its new strategy, the Conversion price was adjusted to reflect market conditions.

在公司宣布新战略后，转换价格被调整以反映市场状况。

5.The Conversion price is usually set at a premium to the current stock price.

通常，转换价格会高于当前股票价格。

作文

In the realm of finance and investment, understanding key concepts is essential for making informed decisions. One such term that often arises in discussions about convertible securities is conversion price. The conversion price refers to the predetermined price at which a convertible security, such as a bond or preferred stock, can be converted into common shares of the issuing company. This concept is crucial for investors who are considering the potential benefits and risks associated with convertible instruments.When an investor holds a convertible bond, they have the option to convert it into shares of the company's stock at the conversion price. This price is usually set at a premium to the current market price of the stock at the time the bond is issued. For example, if a company issues a convertible bond with a conversion price of $50 per share, and the current market price of the stock is $40, the investor may choose to hold onto the bond until the stock price increases above the conversion price. The attractiveness of a convertible security lies in its hybrid nature. Investors are drawn to the fixed income provided by bonds while also having the opportunity to benefit from potential capital appreciation through conversion into equity. However, the decision to convert is influenced by various factors, including the performance of the underlying stock, interest rates, and the overall market conditions.One important aspect to consider is that the conversion price can affect the overall valuation of the convertible security. A lower conversion price relative to the market price of the stock may make the convertible bond more appealing, as it offers a greater potential upside for the investor. Conversely, if the conversion price is significantly higher than the market price, the incentive to convert diminishes, potentially leading investors to hold onto the bond until maturity instead.Moreover, the conversion price plays a vital role in determining the dilution of existing shareholders' equity. When convertible securities are converted into common shares, the total number of outstanding shares increases, which can dilute the ownership percentage of existing shareholders. Companies must carefully consider the implications of setting a conversion price that balances the interests of both convertible security holders and existing shareholders.In conclusion, the concept of conversion price is fundamental to understanding how convertible securities function in the financial markets. It represents the price at which investors can convert their bonds or preferred stocks into common shares, influencing their investment decisions and the overall dynamics of the company's equity structure. Investors must assess the conversion price in conjunction with other market factors to determine the viability of converting their securities. By grasping the nuances of this term, investors can better navigate the complexities of convertible securities and make more strategic investment choices.

在金融和投资领域，理解关键概念对于做出明智的决策至关重要。一个经常在讨论可转换证券时出现的术语是转换价格。转换价格指的是可转换证券（如债券或优先股）可以转换为发行公司普通股的预定价格。这个概念对考虑可转换工具潜在收益和风险的投资者来说至关重要。当投资者持有可转换债券时，他们可以选择以转换价格将其转换为公司股票的股份。这个价格通常设定为债券发行时股票当前市场价格的溢价。例如，如果一家公司发行了一只可转换债券，其转换价格为每股50美元，而股票的当前市场价格为40美元，投资者可能会选择持有债券，直到股票价格超过转换价格。可转换证券的吸引力在于其混合特性。投资者被债券提供的固定收益所吸引，同时也有机会通过转换为股票来受益于潜在的资本增值。然而，是否转换的决定受到多种因素的影响，包括基础股票的表现、利率和整体市场条件。一个重要的方面是，转换价格可以影响可转换证券的整体估值。相对于股票市场价格较低的转换价格可能使可转换债券更具吸引力，因为它为投资者提供了更大的潜在上行空间。相反，如果转换价格远高于市场价格，则转换的诱因减小，可能导致投资者选择在到期之前持有债券。此外，转换价格在确定现有股东权益稀释方面发挥着重要作用。当可转换证券转换为普通股时，流通股总数增加，这可能会稀释现有股东的所有权比例。公司必须仔细考虑设定转换价格的影响，以平衡可转换证券持有者和现有股东的利益。总之，转换价格的概念对于理解可转换证券在金融市场中的运作至关重要。它代表了投资者可以将债券或优先股转换为普通股的价格，影响他们的投资决策和公司的股权结构的整体动态。投资者必须结合其他市场因素评估转换价格，以确定转换其证券的可行性。通过掌握这一术语的细微差别，投资者可以更好地应对可转换证券的复杂性，并做出更具战略性的投资选择。