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Posts: 168
2 weeks ago
Simone founded her company using $150,000 of her own money, issuing herself 300,000 shares of stock. An angel investor bought an additional 200,000 shares for $100,000. She now sells another 500,000 shares of stock to a venture capitalist for $2 million. What percentage of the firm does Simone now own?

▸ 20%

▸ 40%

▸ 30%

▸ 10%
Textbook 
Fundamentals of Corporate Finance
Edition: 2nd
Authors:
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2 weeks ago
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2 weeks ago
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