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2 weeks ago
The founder of a company issues 100,000 shares of stock of series A stock for his own $250,000 investment. He then goes through three further rounds of investment, as shown below:

RoundPriceNumber of Shares
Series B$2.50200,000
Series C$2.75300,000
Series D$2.80200,000

Which of the following is closest to the percentage of the company owned by the founder of the company?

▸ 12.5%

▸ 42%

▸ 25.0%

▸ 37.5%
Textbook 
Fundamentals of Corporate Finance
Edition: 2nd
Authors:
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