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Convertible Debenture

Convertible Debenture Definition

A "convertible debenture" is a type of business loan that leaves the lender the option of taking stock in the company instead of repayment.

In theory, the market price of a convertible debenture should never drop below its intrinsic value. The intrinsic value is simply the Number of Shares Being Converted at Par Value times the Current Market Price of Common Shares.




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