凡是环境下否转换的优先股(the convertible preferred stock)是转化成优选股代价100%的股票(equity),这便是巴菲特买下兴股票时失到的。
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While Treasuries look rich, other parts of the bond market beckon, including municipals, corporate bonds, convertible securities, some mortgage securities and preferred stock.
虽然国债看上去不错,债券市场的其他品种更有吸引力,它们包括市政债券,公司债券,可转换证券,一些抵押贷款证券和优先股。
Convertible Preferred stock Preferred stock that can be converted into common stock at the option of the holder.
可转换优先股持有人有权选择转换成为普通股的优先股。
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