Jeremy Founded a Company Which of the Following Is Closest to the Percentage of Shares

question 68

Multiple Choice

Jeremy founded a company. He issues 200,000 Class A preference shares for his own $100,000 investment. He then goes through three further rounds of investment, as shown below: $$\begin{array} { l c c } \text { Round } & \text { Price } & \text { Number of Shares } \\\hline \text { Class B } & \$ 1.00 & 500,000 \\\text { Class C } & \$ 1.50 & 300,000 \\\text { Class D } & \$ 2.25 & 400,000\end{array}$$ Which of the following is closest to the percentage of the company owned by the Class D investors?

• A) 46%
• B) 25%
• C) 33%
• D) 29%

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Definitions:

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