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Typical characteristics of pure debt include an unconditional promise to pay, a fixed and reasonable maturity date, market rate of interest and no opportunity to

Typical characteristics of pure debt include an unconditional promise to pay, a fixed and reasonable maturity date, market rate of interest and no opportunity to share in the future growth of a company.

This statement is true or false? If false, please provide a one or two sentence explanation as to why the statement is false.

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