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Venture capitalists have paid $10 million for convertible preferred stock in a company. The convertible preferred gets the liquidation value of the company up to

Venture capitalists have paid $10 million for convertible preferred stock in a company. The convertible preferred gets the liquidation value of the company up to 2 times their investment. The preferred is convertible to of the firm value. Graph the exit valuations of the convertible preferred.

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