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一、可转换债券的二元性结构特征 可转换债券是公司发行的在一定期限内按照约定的条件转换成公司股票的一种有价证券,它是公司债券和股票相融合基础上的证券创新。 由于可转换债券是债券和股票这两种证券要素共同构成的一种混合型证券,而不只是具有债券或股票某种单一性质的证券,因而它兼有债权证券和股权证券的双重性质,具备债券与股票的二元性结构特征。
First, the duality of convertible bonds Structural features Convertible bonds issued by the company within a certain period of time in accordance with the terms of the company converted into a stock, it is a combination of corporate bonds and stock based on the innovation of securities . Because the convertible bond is a hybrid securities composed of two kinds of securities, such as bond and stock, not only the securities with a single nature of bonds or stocks, it has the dual nature of both debt securities and equity securities. The Dualistic Structure of Bonds and Stocks.