You have started a company and are in lucka venture capitalist has offered to invest. You own
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You have started a company and are in luck—a venture capitalist has offered to invest.
You own 100% of the company with 5.28 million shares. The VC offers $1.02 million for 760,000 new shares.
a. What is the implied price per share?
b. What is the post-money valuation?
c. What fraction of the firm will you own after the investment?
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Related Book For
Fundamentals Of Corporate Finance
ISBN: 9781292437156
5th Global Edition
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
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