通常而言，可转换债券持有人拥有两项主要的权利：一是作为固定收益证券，在可转换债券存续期内获得固定的现金流收入；
The holders of convertible bonds have two major rights: firstly, they can receive a fixed cash flow during the term of conversion in that convertible bonds belong to the fixed income bonds;
若增加财务灵活性，则会给与管理层更多支配自由现金流的权利，从而可能导致公司价值下降。
Increases in financial flexibility that give managers control over free cash flow may actually cause the value of the firm to decline.
若增加财务灵活性，则会给与管理层更多支配自由现金流的权利，从而可能导致公司价值下降。
Increases in financial flexibility that give managers control over free cash flow may actually cause the value of the firm to decline.
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