Convertible Notes Are Debt Allowing for Conversion into Stock at a Price

question 8

True/False

Convertible notes are debt allowing for conversion into stock at a price set by a future financing round.

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Definitions:

Fair 6-Sided Dice

A classic dice with six faces, each showing a number from one to six, where each number has an equal likelihood of appearing on a roll.

Record

An account or report documenting the occurrence or performance of something, often kept in writing or another permanent form.

Fair Coin

A hypothetical coin that has an equal probability of landing on heads or tails when flipped.

Fair 6-Sided Die

An unbiased die with six faces, each representing one of the numbers from 1 to 6, with an equal probability of landing on any number.