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Firm F issued 10 million preferred convertible shares of stock at a price of 1 with a 5x liquidation preference, no participation rights, and a

Firm F issued 10 million preferred convertible shares of stock at a price of 1 with a 5x liquidation preference, no participation rights, and a 100 million post-money valuation. What is the minimum share price at which investors will convert their preferred shares into common shares?

Group of answer choices

A. 5

B. 5000

C. 50

D. 500

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