The founder of a company issues 100 000 Class A preference shares 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) 25.0%
B) 37.5%
C) 42%
D) 12.5%
Correct Answer:
Verified
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