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Three years ago, you founded your own company. You invested $112,000 of your own money and received 5.6 million shares of Series A preferred stock.
Three years ago, you founded your own company. You invested $112,000 of your own money and received 5.6 million shares of Series A preferred stock. Your company has since been through three additional rounds of financing.
Round | Price ($) | Number of Shares |
Series B | 0.65 | 1,100,000 |
Series C | 3.50 | 700,000 |
Series D | 4.50 | 600,000 |
Based on the information provided above (and that each share of all series of preferred stock is convertible into one share of common stock), what fractions of the firm do the Series B, C, and D investors each own in your firm?
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