You form a new company. Initially, there are 10,000 authorized shares. You contribute $100 of cash to the company and issue yourself 1,000 shares. After a few days, you convince some 5 friends to buy 10 shares each for $200 per share. What is the new equity valuation of your company?

Answer rating: 100% (QA)

You own 1000 shares Additional issue ... View the full answer