Question: See attached question regarding calculating IRR. Please show the steps in calculating IRR. In November 2009, Accel Growth Fund invested $20 million in Groupon by

See attached question regarding calculating IRR. Please show the steps in calculating IRR.

See attached question regarding calculating IRR. Please show the steps in calculating

In November 2009, Accel Growth Fund invested $20 million in Groupon by buying 2,932,553 shares of Series E convertible preferred stock. What was the realized IRR of this investment, if the fund sold at IPO and "each share of Series E preferred stock was converted into 12 shares of Class A common stock on October 31, 2011" (Amendment No. 8 to form S-1, filed with SEC on November 2, 2011, page II-3)? Please show your work step-by step. You can attach an Excel file as well

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!