但由于人民币无法自由兑换，加之国际资金无法参与中国内地股市，因此，两地股票价格差距颇大。

But with the renminbi not freely convertible and China's stock markets isolated from international capital flows, valuations diverge widely.

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公司声称药明康德的股票在上周五收盘价16.57美元的基础上增加28％，兑换成10美元查尔斯河股票和11.25美元现金。

The companies said each share of WuXi’s stock would be exchanged for $10 in Charles River stock and $11.25 in cash, a 28 percent premium over WuXi’s closing price last Friday of $16.57 a share.

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可转换债券一种可根据持有者的意愿兑换成另一种资产的债券，一般为固定数量的普通股股票。

Convertible bond a bond that, at the option of the holder, may be exchanged for another asset, generally a fixed number of shares of common stock.

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