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can you explain this, I could not understand it from the lectures?
Provide for the premium payable on the redemption of shares or debentures.
When a company wishes to repay a loan that was issued under a debenture, that debenture agreement may have provided that, on repayment, the company would pay (say) £1.05 per £1 face value
That additional 5 pence is the “premium payable on the redemption” of those debentures
Better?
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