At the time of issuance of a convertible security , the price the issuer effectively grants the security holder to purchase the common stock , equal to the par value of the convertible security divided by the conversion ratio .
STATED CONVERSION PRICE
Meaning of STATED CONVERSION PRICE in English
Campbell R. Harvey. Hypertextual finance English glossary. Английский словарь гипертекстовых финансов. 2012