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gcd99br gcd99br
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4 years 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

Fundamentals of Corporate Finance


Edition: 2nd
Authors:
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rinderbikrinderbik
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4 years ago
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gcd99br Author
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4 years ago
This calls for a celebration Person Raising Both Hands in Celebration
patyfeitosa
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Yesterday
Helped a lot
bkrandy
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2 hours ago
Smart ... Thanks!
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