conversion price

简明释义

证券调换价格

英英释义

例句

1.The investor was pleased to see the stock's performance exceed the conversion price 转换价格 set in the bond agreement.

投资者很高兴看到股票的表现超过了债券协议中设定的转换价格。

2.Understanding the implications of the conversion price 转换价格 is crucial for making informed investment decisions.

理解转换价格的影响对于做出明智的投资决策至关重要。

3.Before deciding to convert the bonds, she carefully analyzed the conversion price 转换价格 in relation to the current market value.

在决定转换债券之前，她仔细分析了当前市场价值与转换价格的关系。

4.The company announced a new conversion price 转换价格 for its convertible securities, attracting more investors.

公司宣布了其可转换证券的新转换价格，吸引了更多投资者。

5.If the stock price rises above the conversion price 转换价格, it may be beneficial to convert the bonds.

如果股票价格超过转换价格，转换债券可能是有利的。

作文

In the world of finance and investment, understanding various terminologies is crucial 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 convertible bond or a convertible preferred stock, can be converted into a company's common stock. This price is typically established at the time the convertible security is issued and can significantly influence both the issuer's and the investor's strategies. To comprehend the importance of the conversion price, it is essential to recognize how it impacts the potential returns for investors. When an investor purchases a convertible bond, they are essentially buying a debt instrument that can later be exchanged for equity in the company. The conversion price plays a pivotal role in determining whether this conversion is beneficial. If the market price of the company's stock rises above the conversion price, the investor can convert their bond into shares and realize a profit. Conversely, if the stock price remains below the conversion price, the investor may choose to hold onto the bond for its interest payments instead. The strategic implications of the conversion price extend beyond individual investors. For companies, setting an appropriate conversion price is a balancing act. A lower conversion price might attract more investors due to the potential for higher returns, but it could also dilute existing shareholders' equity if too many bonds are converted into stock. On the other hand, a higher conversion price might discourage investment, limiting the company's ability to raise capital through convertible securities. Therefore, companies must carefully analyze market conditions, investor sentiment, and their own financial health when determining the conversion price. Moreover, the conversion price is not static; it can be adjusted under certain circumstances. For instance, some convertible securities include anti-dilution provisions that protect investors from the adverse effects of subsequent equity offerings at lower prices. Such provisions may allow for a reduction in the conversion price if new shares are issued at a price lower than the original conversion price, ensuring that existing convertible security holders maintain their conversion rights without significant loss. In conclusion, the term conversion price encapsulates a fundamental concept within the realm of convertible securities. Understanding this term is vital for both investors and companies alike, as it influences investment decisions, capital raising strategies, and overall market dynamics. By grasping the nuances of the conversion price, stakeholders can better navigate the complexities of financial markets, ultimately leading to more informed and effective decision-making. As the landscape of finance continues to evolve, keeping abreast of terms like conversion price will remain essential for anyone looking to succeed in investment endeavors.

在金融和投资的世界中，理解各种术语对于做出明智的决策至关重要。在关于可转换证券的讨论中，常常会出现一个术语——转换价格。转换价格是指可转换证券（如可转换债券或可转换优先股）可以转换为公司普通股的预定价格。这个价格通常在可转换证券发行时确定，并可能对发行者和投资者的策略产生重大影响。要理解转换价格的重要性，必须认识到它如何影响投资者的潜在回报。当投资者购买可转换债券时，他们实际上是在购买一种可以稍后转换为公司股票的债务工具。转换价格在决定这种转换是否有利方面发挥着关键作用。如果公司的股票市场价格高于转换价格，投资者可以将其债券转换为股票并实现利润。相反，如果股票价格保持在转换价格以下，投资者可能会选择保留债券以获取其利息支付。转换价格的战略意义不仅限于个人投资者。对于公司而言，设定适当的转换价格是一种平衡行为。较低的转换价格可能因潜在的高回报而吸引更多投资者，但如果转换的债券过多，可能会稀释现有股东的权益。另一方面，较高的转换价格可能会抑制投资，限制公司通过可转换证券筹集资金的能力。因此，公司在确定转换价格时必须仔细分析市场条件、投资者情绪和自身的财务健康状况。此外，转换价格并不是静态的；在某些情况下，它可以进行调整。例如，一些可转换证券包括反稀释条款，以保护投资者免受后续以较低价格发行股票的不利影响。这些条款可能允许在新股以低于原始转换价格的价格发行时降低转换价格，确保现有可转换证券持有人在没有重大损失的情况下保持其转换权利。总之，术语转换价格概括了可转换证券领域内的一个基本概念。理解这个术语对投资者和公司都至关重要，因为它影响投资决策、资本筹集策略和整体市场动态。通过掌握转换价格的细微差别，利益相关者可以更好地应对金融市场的复杂性，从而做出更明智和有效的决策。随着金融环境的不断演变，紧跟诸如转换价格等术语的步伐仍将对任何希望在投资事业中取得成功的人至关重要。