Jeremy Founded a Company

question 10

Multiple Choice

Jeremy founded a company. He issues 100,000 shares of series A stock for his own $100,000 investment. He then goes through three further rounds of investment, as shown below: Round Price Number of Shares
Series B $1.00 500,000
Series C $1.50 300,000
Series D $1.75 500,000
Which of the following is closest to the percentage of the company owned by the series D investors?

• A)29%
• B)36%
• C)39%
• D)54%

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Definitions:

Speed

The rate at which someone or something is able to move or operate.

Accuracy

The degree to which the result of a measurement, calculation, or specification conforms to the correct value or a standard.

Interpreting Sentences

The process of understanding and deriving meaning from spoken or written language constructs.

Unconscious Process

Mental activities beyond conscious awareness, influencing perceptions, thoughts, and behaviors without an individual's voluntary control.