虽然国债看上去不错，债券市场的其他品种更有吸引力，它们包括市政债券，公司债券，可转换证券，一些抵押贷款证券和优先股。
While Treasuries look rich, other parts of the bond market beckon, including municipals, corporate bonds, convertible securities, some mortgage securities and preferred stock.
通过分析发现可转换证券可以减少代理风险，对双方产生有效的激励作用。
It discovers the convertible stock can lower acting risk and give the valid stimulation to the both side.
股东对发行可转换证券拥有投票权，因为当转换(转换为普通股)时会稀释当前股东的所有权比例。
Stockholders have the right to vote on the issuance of convertible securities because they will dilute current Stockholders' proportionate ownership when converted (changed into share of common).
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