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This lecture from Open Tuition discusses convertible debentures, a unique type of financial liability. These debentures allow a company to borrow money while offering investors the option to convert their debt into shares rather than receiving a cash repayment at maturity. This feature makes convertible debentures appealing, as converting to shares can be more advantageous for investors. The lecture notes that this topic, previously covered in financial management, is considered challenging and important for exam preparedness. To benefit from the lecture, viewers are encouraged to download the accompanying free lecture notes from the Open Tuition website.
