Question: Question 9 A cap on a convertible note is used to: Secure the payment of the note upon liquidation Establish the maximum pre-money valulation at

Question 9

A cap on a convertible note is used to:

Secure the payment of the note upon liquidation

Establish the maximum pre-money valulation at which the note will convert

Put a limit on the maximum interest rate payable on the note

Put a value on the company

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