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5. Which of following statements is false? a. Usually preferred stock is given voting rights as if they have been converted to common b. The

5. Which of following statements is false? a. Usually preferred stock is given voting rights as if they have been converted to common b. The costs of venture capital to founders include dilution of ownership, liquidation preference and sharing control. c. Staged financing is beneficial to founders because it could result in reduced ownership by investors than if there were no staged investing d. Staged financing is beneficial to investors as it gives them option to abandon the venture e. Staged financing is not beneficial to founders as it limits funding

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