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Jeremy founded a company. He issues 200,000 shares of series A stock for his own $100,000 ...

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Jeremy founded a company. He issues 200,000 shares of series A stock for his own $100,000 ...

Jeremy founded a company. He issues 200,000 shares of series A stock for his own $100,000 investment. He then goes through three further rounds of investment, as shown below:

Round

Price

Number of Shares

Series B

$1.00

500,000

Series C

$1.50

300,000

Series D

$2.25

400,000

Which of the following is closest to the percentage of the company owned by the Series D investors?

▸ 33%

▸ 29%

▸ 46%

▸ 25%

Textbook

Fundamentals of Corporate Finance

Edition: 2^nd

Authors: Berk, DeMarzo, Harford

Read 105 times

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