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Which of the following is not a typical characteristic of convertible notes? A. debt allowing for conversion into equity (common stock or convertible preferred stock)

Which of the following is not a typical characteristic of convertible notes?

A. debt allowing for conversion into equity (common stock or convertible preferred stock)

B. convertible at a price set by a future financing round

C. issued to allow for a delayed valuation estimate

D. seasoned firms are the primary issuers of convertible notes

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