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. Series B Series C Series D Round Price (S) 0.55 3.00 3.00 Number of Shares 1,000,000 650,000 600,000 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.) C

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. Series B Series C Series D Round Price (S) 0.55 3.00 3.00 Number of Shares 1,000,000 650,000 600,000 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.) C

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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