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。
Stockholders have the right to vote on the issuance of convertible securities because they will dilute current Stockholders' proportionate ownership when converted (changed into share of common).
股东对发行可转换证券拥有投票权,因为当转换(转换为普通股)时会稀释当前股东的所有权比例。
The study finds that there are obvious deficiencies in input from both sides in case of double moral hazard, but it can he solved by means of convertible securities.
通过研究发现在双重道德风险情况下双方的投入会有明显的不足,然而通过可转换证券有助于解决这一问题。
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