Question
12.Jane received $3.2M in financing from a VC who now owns 40% of the company. Shortly thereafter, she meets Joanne who is willing to buy
12.Jane received $3.2M in financing from a VC who now owns 40% of the company. Shortly thereafter, she meets Joanne who is willing to buy the company for $6M. Without a liquidation preference, VC gets _________ but with a liquidation preference VC gets _____.
a.$3.2M; $2.8M
b.$2.4M; $3.2M
c.$0; $2.8M
d.$0; $3.2M
e.None of the above
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Essentials of Managerial Finance
Authors: Scott Besley, Eugene F. Brigham
14th edition
324422709, 324422702, 978-0324422702
