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Business, 30.10.2021 04:00 Ap621765

innovative energy llc is a start-up company that just raised $100,000 to conduct a third-party feasibility study on its business model. the company agreed to treat the $100,000 investment as debt at 10% interest rate; however, the investor has the right to exchange the debt for common stock during the company’s next financing round. which of the following terms best describes the $100,000 investment?

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