英语翻译conversion privilege.The stockholder,at their option,may

来源：学生作业帮编辑：作业帮分类：英语作业时间：2024/05/15 16:11:04

英语翻译
conversion privilege.The stockholder,at their option,may convert preferred stock into common stock.This might be done if the corporation's common stock should become more desirable than the preferred stock because of larde earnings.Note that the conversion of preferred stock does not change total shareholders' equity.Assets and liabilitities are also unaffected.The number of common shares outshanding increases,however,and the preferred shock's dividend requirement is eliminated.

转换权.
股票持有者根据自己的选择,可以把优先股转换为普通股.当公司的普通股由于利润丰厚而比优先股更加抢手的时候就可以这么做.要注意的是优先股的转换并不会相应的改变全体股东的资产净值.资产与负债同样不受影响.普通股的数量明显增加,却不再拥有优先股的分红.

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