They own preferred stock convertible to 4.3 billion common shares, which is equivalent to a 70% stake in Sanyo.

他们拥有的优先权可兑换为43亿普通股，相当于三洋70%的股份。

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Thus the market value of a convertible bond tends to fluctuate with the market value of an equivalent number of shares of common stock.

因此，可转换债券的市价会随等值的普通股的市价波动而波动。

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