Prior to public offering, Facebook was able to raise capital from all sources mentioned in the chapter. Let's concentrate on one particular source. Microsoft made one investment in Facebook, during the October 2007. Got to Facebook's corporate news web site (http://newsroom.fb.com) and locate the press release announcing this investment. Using the information on that press release and the number of shares owned by Microsoft listed in the IPO prospectus.

1a. What was the initial investment made y Microsoft in 2007?

1b. Number of shares Microsoft owned

1c. Per price paid by Microsoft

2a. Start date (10/24/2007)

2b. What was the end date?

2c. Number of years?

2d. What is the Annualized Return?

3. Money received by Microsoft from IPO (After paying underwriting commission)