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You lent a startup $ 1 million in convertible debt with a 1 0 % annual interest rate, which converts at the better of a

You lent a startup $1 million in convertible debt with a 10% annual interest rate, which converts at the better of a 20% discount or $5 million valuation cap upon the raising of your Series A investment round. After a year, your startup has their Series A round valuing your firm at $10 million with 5 million shares outstanding. How many shares does your convertible debt become? (Answer in millions, e.g.2 million is 2000000, not 2. Round to the nearest whole number, i.e.5.44 is 5)

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