exchange at par

简明释义

平价兑换

英英释义

例句

1.The company announced that shareholders could exchange at par for new shares during the capital increase.

公司宣布股东可以在增资期间以面值交换获得新股份。

2.Investors were relieved to hear that they could exchange at par after the market volatility.

投资者听到他们可以在市场波动后以面值交换感到松了一口气。

3.The bank offered a special program where clients could exchange at par for a limited time.

银行推出了一项特别计划，客户可以在有限时间内以面值交换。

4.During the merger, both companies agreed to exchange at par to simplify the process.

在合并期间，两家公司同意以面值交换来简化流程。

5.When investors sell their bonds, they often hope to exchange at par to recover their initial investment.

当投资者出售他们的债券时，他们通常希望能以面值交换来收回他们的初始投资。

作文

In the world of finance and investments, various terms and phrases play a crucial role in describing the value and exchange of financial instruments. One such term is exchange at par, which refers to the situation when a security or financial asset is traded at its face value or nominal value. Understanding this concept is essential for investors and traders alike, as it can significantly influence their decision-making processes.To illustrate the meaning of exchange at par, consider a bond with a face value of $1,000. When the bond is issued, it may be sold at this face value, meaning that investors pay $1,000 to purchase it. If the bond subsequently trades in the market at the same price of $1,000, it is said to be trading at exchange at par. This indicates that the market perceives the bond's value to be equal to its face value, often due to stable interest rates and the issuer’s creditworthiness.The implications of exchange at par extend beyond just bonds. Stocks and other securities can also trade at par value, though this is less common in equity markets. In the case of stocks, par value is usually a nominal amount assigned to shares, often set at $0.01 or even $0. This does not necessarily reflect the market value of the stock, which can fluctuate based on various factors such as company performance, market sentiment, and economic conditions.Investors should be aware that trading at exchange at par can change over time. For example, if interest rates rise, existing bonds with lower interest rates may begin to trade below par, as new bonds are issued at higher rates, making them more attractive to investors. Conversely, if interest rates fall, bonds may trade above par as their fixed interest payments become more desirable compared to newly issued bonds.Moreover, understanding exchange at par is crucial during mergers and acquisitions. Companies may offer to buy back shares from their shareholders at par value, especially during times of financial distress. This can provide a sense of security to investors, knowing that they can sell their shares at a guaranteed price, albeit at the nominal value.In conclusion, the term exchange at par is a fundamental concept in finance that signifies the trading of securities at their face value. It reflects the stability of a financial instrument's value and serves as an important indicator for investors. By grasping this concept, individuals can make more informed decisions regarding their investments and understand the dynamics of the financial markets better. Whether dealing with bonds, stocks, or other securities, being aware of how exchange at par functions can enhance one's investment strategy and risk management practices. As the financial landscape continues to evolve, keeping abreast of such terminology will remain vital for success in the investment arena.

在金融和投资的世界中，各种术语和短语在描述金融工具的价值和交换时发挥着至关重要的作用。其中一个术语是面值交换，它指的是一种情况，即证券或金融资产以其面值或名义价值进行交易。理解这一概念对于投资者和交易者来说至关重要，因为它会显著影响他们的决策过程。为了说明面值交换的含义，考虑一只面值为1000美元的债券。当债券发行时，它可能以这个面值出售，这意味着投资者支付1000美元购买它。如果该债券随后在市场上以1000美元的相同价格交易，则称其为以面值交换。这表明市场认为该债券的价值等于其面值，这通常是由于利率稳定和发行人的信用状况良好所致。面值交换的含义不仅限于债券。股票和其他证券也可以以面值交易，尽管这种情况在股市中不太常见。在股票的情况下，面值通常是分配给股份的名义金额，通常设定为0.01美元甚至0。这并不一定反映股票的市场价值，市场价值可能会根据公司表现、市场情绪和经济状况等各种因素波动。投资者应该意识到，以面值交换交易的情况可能会随着时间的推移而变化。例如，如果利率上升，现有的低利率债券可能开始以低于面值的价格交易，因为新债券以更高的利率发行，使其对投资者更具吸引力。相反，如果利率下降，债券可能以高于面值的价格交易，因为其固定的利息支付在与新发行的债券相比时变得更加可取。此外，理解面值交换在并购过程中至关重要。公司可能会在财务困境时期以面值回购其股东的股份。这可以给投资者提供一种安全感，知道他们可以以保证的价格出售其股份，尽管是以名义价值。总之，术语面值交换是金融中的一个基本概念，表示证券以其面值进行交易。它反映了金融工具价值的稳定性，并作为投资者的重要指标。通过掌握这一概念，个人可以更明智地做出投资决策，更好地理解金融市场的动态。无论是处理债券、股票还是其他证券，了解面值交换的运作方式都可以增强一个人的投资策略和风险管理实践。随着金融环境的不断演变，跟上此类术语将继续对投资领域的成功至关重要。