Suppose a company just arranged its first funding round with a VC. The VC is investing...
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Suppose a company just arranged its first funding round with a VC. The VC is investing $3 million in exchange for Series A convertible preferred shares, based on a $8 million pre- money valuation. There are 17 million common shares currently outstanding (and no other convertible or participating preferred shares outstanding). What price per common share will the VC pay? [Note: give your answer to the nearest cent, such as 3.58, 9.72, etc. Do not add a dollar sign.] Your Answer: Answer Suppose a company just arranged its first funding round with a VC. The VC is investing $3 million in exchange for Series A convertible preferred shares, based on a $8 million pre- money valuation. There are 17 million common shares currently outstanding (and no other convertible or participating preferred shares outstanding). What price per common share will the VC pay? [Note: give your answer to the nearest cent, such as 3.58, 9.72, etc. Do not add a dollar sign.] Your Answer: Answer
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Related Book For
Understanding Financial Accounting
ISBN: 978-1118849385
1st Canadian Edition
Authors: Christopher Burnley, Robert Hoskin, Maureen Fizzell, Donald
Posted Date:
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