The company completed a firm commitment underwritten public offering exactly 4.5 years after this Series A Preferred Stock term sheet closed. After their agreed lock up period of six months (0.5 years), Nisqually League Venture Partners was to sell their common stock of Harbor Systems (Ticker: HARB) through their investment banking broker. The average stock price that NLVP sold at was $46.20 per share.

What was the venture capitalist's average rate of return on this investment?

Answer rating: 100% (QA)

To calculate the venture capitalists average rate of return on this investment we need to determine ... View the full answer