| 释义 |
conversion equivalent conversion equivalent The price at which common stock would have to sell in order to make a convertible security worth its market price in common stock value alone. The equivalent is calculated by dividing the conversion ratio into a convertible security's market price. A $1,000 face amount bond trading at $1,200 and convertible into 40 shares of stock has a conversion equivalent of $1,200/40 shares, or $30 per share. |