Question
An investor gave seed money to a start up in the following amounts: $5 mil on 4/5/2006, $4 mil on 7/8/2007, $10 million on 5/5/2008.
An investor gave seed money to a start up in the following amounts: $5 mil on 4/5/2006, $4 mil on 7/8/2007, $10 million on 5/5/2008. He sold all his equity in this start up during the IPO for $50 mil on 8/7/2018. What was his return from this investment (annualized)?
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Principles of Accounting
Authors: Needles, Powers, crosson
11th Edition
1439037744, 978-1133626985, 978-1439037744
