单词 | conversion premium |
释义 | conversion premium The cost of converting a share at the current market price into a convertible security or warrant. It is normally expressed as a percentage of the market price of the convertible security, by means of the formula: [s]0192800671.conversion-premium.1.tif[/s] where Ps is the market price of shares, Pc is the price at which the convertible may be exchanged for shares, and [s]0192800671.conversion-premium.2.tif[/s] is the market price for the convertible. |
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