可转换公司债券的概念、特征及投资

The Comcept, Feature and Invenstment of the Exchangeable Company Bonds

可转换公司债卷是一种新的投资品种。本文较详细地阐述了可转换债券的概念及其介于公司债券与股票之间的二重特征，为券商、发行公司及投资者提供决策参考。

Exchankeable company bonds is a new kind of investment. The article,in greater detail, explains the concept concerning about the exchangeable bonds and the dual features between the company bonds and stocks,which offers references for the decissions to the bonds bolders,issuers and investors.