Which of the following is NOT a feature of convertible notes?
A) Convertible notes are usually issued at a price close to the market price of the share.
B) The expectation of the note holder is that the share price will increase over the term of the note.
C) Convertible notes offer a higher interest rate than straight debt instruments.
D) A convertible note may be made by direct placement to shareholders.
Correct Answer:
Verified
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