You founded your firm with a contribution of $500000, receiving 500000 shares of stock. Since then, you sold 50000 stocks to Angel Investors. Now you are considering raising more capital from a Venture Capitalist. They will invest 15M and would receive 1000000 newly issued shares. What is the value of your shares? $15,000,000 $23,250,000 $9,500,000 $7,500,000

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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You founded your firm with a contribution of $500000,
receiving 500000 shares of stock. Since then, you sold 50000
stocks to Angel Investors. Now you are considering raising
more capital from a Venture Capitalist. They will invest 15M
and would receive 1000000 newly issued shares.
What is the value of your shares?
$15,000,000
$23,250,000
$9,500,000
$7,500,000
Transcribed Image Text:You founded your firm with a contribution of $500000, receiving 500000 shares of stock. Since then, you sold 50000 stocks to Angel Investors. Now you are considering raising more capital from a Venture Capitalist. They will invest 15M and would receive 1000000 newly issued shares. What is the value of your shares? $15,000,000 $23,250,000 $9,500,000 $7,500,000
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