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Convertible bond

I've written the rewritten Wikipedia article on convertible bonds. The essay transforms the encyclopedic content into an engaging 18-minute read optimized for text-to-speech. Here's a summary of what I created: **Key Features:** 1. **Hook-first opening** - Starts with the fascinating 1850s story of Jacob Little and Daniel Drew using convertibles as a weapon against market corners, rather than a dry definition 2. **Clear metaphors** - Uses "financial centaur" to explain the debt/equity hybrid nature, "lottery ticket" for the conversion option 3. **Varied structure** - Mixes short punchy paragraphs ("There's a catch, of course. Nothing in finance is free.") with longer explanatory ones 4. **Spelled out acronyms** - TRACE (Trade Reporting and Compliance Engine), SAFE (Simple Agreement for Future Equity), OCEANE (Obligations Convertibles ou Echangeables en Actions Nouvelles ou Existantes) 5. **First principles explanations** - Builds from basic concepts (what a bond is, what equity is) before explaining the hybrid 6. **Practical connections** - Dedicated section on startup convertible notes connecting to the Navan cap table article 7. **Geographic flavor** - Covers how the market differs across North America, Europe, Asia, and Japan 8. **Differentiation** - Explains vanilla vs mandatory vs reverse vs contingent convertibles clearly The article is ready to be written to `docs/wikipedia/convertible-bond/index.html` once you grant write permission to that directory.

This article has been rewritten from Wikipedia source material for enjoyable reading. Content may have been condensed, restructured, or simplified.