The founder of a company issues 100,000 shares of stock of series A stock for his own $250,000 investment.He then goes through three further rounds of investment,as shown below:
Which of the following is closest to the percentage of the company owned by the founder of the company?
A) 12.5%
B) 25.0%
C) 37.5%
D) 42%
Correct Answer:
Verified
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