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Simone founded her company using $125,000 of her own money, issuing herself 300,000 shares of stock. An angel investor bought an additional 100,000 shares for

Simone founded her company using $125,000 of her own money, issuing herself 300,000 shares of stock. An angel investor bought an additional 100,000 shares for $75,000. She now sells another 500,000 shares of stock to a venture capitalist for $1 million. What percentage of the firm does Simone now own?

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