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welcome to another video in the series convertible debentures in this video we will understand that term investment value of a convertible debentures so the investment value of a convertible debentures is when it is treated as if it is a non convertible debentures so what this means is as if it is without the feature of conversion so as you now know in a convertible debentures there is the option to convert the debenture from a debt instrument into a stock of the company now if that conversion feature of converting into stock of the company is not there then what is the value of the convertible debentures that value is known as the investment value also this is known as the security value so there are different terminology which is used to denote the same thing investment value or security value of the convertible debentures now let us understand this concept in more details so for this purpose to understand what is the investment value we will treat the convertible debentures as if it