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7 years ago, you founded your firm with $300,000 and 4 million shares. 5 years ago, you sold 1.5 million primary shares at a price
7 years ago, you founded your firm with $300,000 and 4 million shares. 5 years ago, you sold 1.5 million primary shares at a price of $0.62 per share. 3 years ago, you sold 1 million secondary shares of your own stock for a price of $0.98 per share. Today, a venture capital firm offers you $1.42 per share for 3 million primary shares. If you accept the offer, what is the return earned by the secondary stock buyer from 3 years ago? 44.9% 44.0% 42.8% 42.1%
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