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The founder of a company issues 100,000 shares of stock of series A stock for his own $250,000 ...

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The founder of a company issues 100,000 shares of stock of series A stock for his own $250,000 ...

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:

Round

Price

Number of Shares

Series B

$2.50

200,000

Series C

$2.75

300,000

Series D

$2.80

200,000

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: 2^nd

Authors: Berk, DeMarzo, Harford

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Thank you, thank you, thank you!

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