Nzvimbo yakasarudzwa pamusoro peNhepfenyuro yeNyaya

Kuongororwa kweNhepfenyuro yeNyaya yeNyika

Vashandi vakawanda, avo vatsva uye vane ruzivo, havagone kutsanangura zvinoshandiswa muhomwe uye kuti zvinokonzera sei kukosha kwavo kwekambani inokosha. Nezvo zvakati, ngatitaurirane nezvebasa redu rakasarudzwa pamashoko ekuwana mari; kuti inopikisa sei iyo inonzi yakabudirira uye kurasikirwa mumakambani ane hurukuro dzakasarudzwa dzematokari. Kunyange zvazvo takaita pairi muchidzidzo chekupedzisira apo ndakakuudza iwe kune imwe nhumbi, sarudzo yakasarudzwa, uye shanduko yakawanda , chikonzero chiri kuuya iye zvino ndechokuti, kana iwe wakanga uchitevera pamwe nezvidzidzo zvangu zvekare kuburikidza nokutarisa mari chaiye zvinyorwa kubva mushumo wegore negore kana Fomu 10-K kufungidzira , iwe uchasangana nemufananidzo wekuwana mari.

Nhepfenyuro yemari inomiririra mushure mekubhadhara mutero kubhizimisi yakagadzirwa kwenguva iyo isati yatora matanho aidiwa ayo akabhadhara pamakambani akawedzerwa soro. Kunzwisisa mafungiro akangodaro kutsvaga nyaya dzakasarudzwa dzinowanikwa kana iwe uchida kuva muchengeti akanaka.

Chikonzero chekuti hatigoni kuvimba nemari yakawanikwa yakasarudzwa sezvinoratidzwa panguva ino ine chokuita nehutano hwemasheji uye inoshandiswa zvikamu zvezvikamu. Nguva dzose mari yemari inokonzerwa pamari yakawanda inowanikwa haisi kuderedzwa kubva mukutora mari. Mune mamwe mazwi, kana kambani yakaita $ 10 mamiriyoni mune purogiramu uye yakabhadhara $ 9 mamiriyoni muzvikamu, chikamu chekuwana mari chinoratidza $ 10 mamiriyoni, chikamu chemari ye $ 1 mamiriyoni, uye mutemo wekushamba kwemari $ 9 mamiriyoni muzvikamu zvakagoverwa. Nzvimbo yakasarudzwa inotengeserana, kune rumwe rutivi, inonyanya kufanana nemari inobhadharwa pane chikwereti maererano nezvavanoreva kune muridzi wehutano hwakafanana; zvikwereti izvo nguva dzose zvinoda kubhadharwa uye hazvikwanisi kuregererwa pasina mimwe migumisiro inofadza mumusika, zvinokonzerwa nemhosva, uye kukanganisa mukurumbira kukuru kunoita kuti zvive zvakaoma kukurisa mari mune ramangwana.

Ndicho chikonzero mabhizimisi akawanda anosanganisira iwo mumutemo wekuwana uye anoudza imwe nhamba yemari inowanikwa inozivikanwa se "mari yakawanikwa inowanikwa kune yakajairika", yaunodzidza nezvayazotevera munyaya ino. Kana kambani yakagamuchira $ 10 mamiriyoni mushure mekwereti uye yakabhadhara $ 1 Mamiriyoni muzvikamu zvakasarudzwa zvezvitengo, mari inoshandiswa kune inowanzoonekwa ingaratidza $ 9 mamiriyoni chete pamutero wemari.

Kunzwisisa Mhando yeChinhu Chinodiwa

Kuve yakanyatsojeka uye kuvakira pane zvandakadzidzisa mune imwe nyaya inonzi The Many Flavors of Preferred Stock uye Nzira Yokuenzanisira Kukosha Kwekuda kweAkodzero Yakasarudzwa , plain-vanilla inoshandiswa pfuma isina zvinhu zvakasiyana-siyana zvakadai sekodzero yekushandurwa muzvikwata zvakafanana (inozivikanwa zvakakodzera zvakakwana sekushandurwa kunoshandiswa mumatokari ) inoratidziro rwehupenyu husingaperi. Muchidimbu, inoshanda sechisanganiswa chesaiti uye bhandi nega imwe neimwe inosarudzwa inowanzobhadharwa yakavimbiswa, inowanikwa chikamu chikuru. Muitiko iyo kambani iyo yakambosvibiswa kana yakasvibiswa, sarudzo yakasarudzwa yakakwirira mumasangano makuru , shure kwevashandi nevamwe vamwe vane chikwereti, kuti vawane chero kuparadzirwa kwakasara kubva kumhepo kana kugadzirisa zvakare.

Mukutsinhanisa nemari yepamusoro ichi uye kuchengeteka kwehukama, sarudzo yakasarudzwa haina kukodzera kugoverana mukubudirira kwebhizimisi kupfuura chikamu kunze kwekuti iri rudzi rwuzivikanwa runozivikanwa sechikamu chinoshandiswa soro. Kunyangwe zvakadaro, kubatanidzwa hakuzoenzaniswi nedzimwe shamba uye kuchabatanidza mamwe marudzi ehupamhi kuverenga zvinogona kukudziridza mubhadharo wemugovereri panguva dzekuita. Pane kudaro, mune basa rakabudirira rinoshamisa, chero bedzi zvinhu zvichifamba zvakanaka, gore negore, iwe unounganidza zvaunosarudza zvinowanikwa apo vese vanochengetedza vashandi vanowanikwa zvakashata.

Nzvimbo yakasarudzwa inogona kana inenge isina kodzero yekuvhota.

Mamwe makambani ane zvakawanda zvakasiyana-siyana zvinoshandiswa mumatokisi ose kamwechete; shanduro inoshandiswa inoshandiswa pamatokari, convertible inoshandiswa mashizha, inotanga kushandiswa mumatokari, inotora chikamu chinosarudzwa, chikwata chinoshandiswa chekutengeswa, chikwata chinosarudzwa, uye yechipiri yakasarudzwa; zvakasiyana-siyana zvikwereti, zvichida zvakasiyana nemitengo. Zvikamu izvi kubva kune zvose izvi zvinoda kubviswa kubva mumatare emari muhoteti yekusvika vasati vasvika pamari inoshandiswa inoshandiswa kune chimiro chinowanikwa. Izvozvo ndechokuti, munenge nguva dzose, iyo mitemo yemitemo-inorambidza kubhadhara chikamu chero chipi zvacho pane imwe nzvimbo kunze kwekuti chikamu chesaiti yakasarudzwa chabhadharwa. Izvozvi, kubva kune maonero emumwe mutengesi wezvikwama, mari yakasarudzwa inotengeswa inotarisirwa inofanira kuitwa isati yave yakwanisika kutora imwe yemari kubva kunze kwebhizimisi uye inakidzwa nayo, yese zvayo seicho chaiyo sebhadharo kana mitero.