• 2022-06-17
    SAFE is different from convertible note because convertible note does not have interest rates while SAFE has.
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      Convertible note is essentially a/an... A: equity B: debt C: neither equity or debt D: both equity and debt

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      The maker of a note records interest expense. The creditor of a note holds a note receivable.

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      Why investors and entrepreneurs prefer convertible note in early stage financing? A: It is very simple to do. B: It defers the pricing decision to the future. C: It may have arrangements on valuation caps. D: It provides investors with voting rights.

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      Convertible has two kinds: one is a hard-top convertible whose roof is made of metal,the other is a soft-top convertible whose roof is made of canvas (see Fig.7-7).

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      A convertible bond issue has a conversion premium of $50 at a time when the underlying share’s price is $35. The convertible has a par value of $1,000 and is convertible into 80 shares of the issuer’s stock. The convertible bond’s price is closest to: A: $1,050 B: $2,850 C: $2,750