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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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