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Suppose you invested $5 million dollars in a company using convertible preferred stock. The convertible preferred can be converted into 25% of the companys equity.

Suppose you invested $5 million dollars in a company using convertible preferred stock. The convertible preferred can be converted into 25% of the companys equity. At the time of exit, the company is worth $25 million dollars. What percent of the companys equity will you choose to take?

Group of answer choices

5%

25%

20%

100%

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