Years ago, you founded a business with $750,000 and received 1 million shares of stock. Since...
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Years ago, you founded a business with $750,000 and received 1 million shares of stock. Since then, you have sold an additional 2 million shares to new investors. Currently, a venture capitalist is offering to invest $1.5 million in a funding round, paying $1.50 per share. What is your post- money ownership in the business? You must show your workings clearly to get credit. Years ago, you founded a business with $750,000 and received 1 million shares of stock. Since then, you have sold an additional 2 million shares to new investors. Currently, a venture capitalist is offering to invest $1.5 million in a funding round, paying $1.50 per share. What is your post- money ownership in the business? You must show your workings clearly to get credit.
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Answer rating: 100% (QA)
To calculate your postmoney ownership in the business we need to consider the additional investment ... View the full answer
Related Book For
Foundations Of Financial Management
ISBN: 9781259265921
11th Canadian Edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
Posted Date:
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