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Use the table for the question(s) below.
David founds a company and goes through the investment rounds shown below:
He decides to take the company public through an IPO,issuing 2 million new shares.Assuming that he successfully completes the IPO,the net income for the next year is estimated to be $8 million.His banker informs him that the price of shares should be set using average price-earnings ratios for similar businesses,which is 15.0.
-What share of the company will David own after the IPO?
Justice
The principle of fairness, moral righteousness, and the administration of the law as it pertains to maintaining the balance between individual rights and communal welfare.
Teasing
The act of playfully or mockingly disturbing or provoking someone, often in a humorous or affectionate manner.
My Lai
A mass murder of unarmed South Vietnamese civilians by U.S. troops in March 1968 during the Vietnam War.
Norms of Solidarity
Social norms that promote mutual support, cooperation, and connectivity within a group, community, or society.
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