Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Three years ago, you founded your own company. You invested $120,000 of your own money and received 6.0 million shares of Series A preferred
stock. Your company has since been through three additional rounds of financing.
Round
Series B
Series C
Series D
Price (S)
0.70
2.50
5.50
Number of Shares
1,000,000
700,000
550,000
Assuming that you own only the Series A preferred stock (and that each share of all series of preferred stock is convertible into one share of
common stock), what percentage of the firm do you own after the last funding round?
After the last funding round, you will own %. (Round to one decimal place.)
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Transcribed Image Text:Three years ago, you founded your own company. You invested $120,000 of your own money and received 6.0 million shares of Series A preferred stock. Your company has since been through three additional rounds of financing. Round Series B Series C Series D Price (S) 0.70 2.50 5.50 Number of Shares 1,000,000 700,000 550,000 Assuming that you own only the Series A preferred stock (and that each share of all series of preferred stock is convertible into one share of common stock), what percentage of the firm do you own after the last funding round? After the last funding round, you will own %. (Round to one decimal place.)
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