Question
The founder of a company issues 200,000 shares of stock of series A stock for his own $250,000 investment. He then goes through three further
The founder of a company issues 200,000 shares of stock of series A stock for his own $250,000 investment. He then goes through three further rounds of investment, as shown below:
| Round | Price | Number of Shares |
| Series B | $2.50 | 200,000 |
| Series C | $2.75 | 300,000 |
| Series D | $2.90 | 100,000 |
Which of the following is closest to the percentage of the company owned by the founder of the company?
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Auditing And Assurance Services A Systematic Approach
Authors: William F. Messier, Steven M. Glover, Douglas F. Prawitt
4th Edition
0071117474, 9780071117470
