Then what's the advantage of the convertible bond?

那么可转换债券究竟有哪些优势呢？

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The third section introduces the modern analyzing method of the convertible bond pricing methods.

在第三节中，我们将引入可转换债券定价的现代分析方法。

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The convertible bond is a kind of mid-long-term mixed financial tool which is between the bond and the stock.

可转换债券是一种介于债券与股票之间，兼有债务性与期权性的中长期混合金融工具。

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Ten years ago, an investor eager to play the two side by side had essentially one instrument: the convertible bond (debt switchable into equity).

ECONOMIST: Buttonwood

The convertible bond market has seen a lot of turbulence lately.

FORBES: Magazine Article

The bond yields 11% and is convertible into TMK shares, adding to the upside.

FORBES: Where Investors Are Being Paid To Take On Risk