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This video tutorial focuses on the investment value of convertible debentures, explaining it as the value when treated as non-convertible debentures, essentially excluding the conversion feature. Convertible debentures allow for the option to convert from a debt instrument into the company's stock. The "investment value" indicates the worth of these debentures without the conversion capability, also referred to as "security value." The tutorial aims to clarify these terms and explore the underlying concept in more detail, emphasizing the importance of understanding the value of convertible debentures when viewed through this lens.