Simone founded her company using $150,000 of her own money,issuing herself 300,000 shares of stock.An angel investor bought an additional 200,000 shares for $100,000.She now sells another 500,000 shares of stock to a venture capitalist for $2 million.What percentage of the firm does Simone now own?
A) 10%
B) 20%
C) 30%
D) 40%
Correct Answer:
Verified
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