The Founder of a Company Currently Holds 12 Million of the 15

question 44

Multiple Choice

The founder of a company currently holds 12 million of the 15 million shares in that company.She considers an IPO where she sells a mix of primary shares and 2 million of her own secondary shares for $18 per share.If she wants to retain a 60% ownership of the company,how much money can she raise in this IPO?

• A)$30 million
• B)$36 million
• C)$42 million
• D)$54 million
• E)$66 million

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Definitions:

Problem-Solving

Problem-solving involves identifying, assessing, and resolving issues through logical and creative approaches.

Interpersonal Style

Relates to the manner in which individuals interact with others, encompassing communication methods, behavior, and emotional expression in social contexts.

Assertiveness

The characteristic of possessing confidence and assertiveness without displaying aggression.

Cooperativeness

The inclination or practice of working jointly with others for a common purpose or benefit.