Business, 24.11.2021 14:00 phancharamachasm
Suppose that First Meriam decides that Marvin’s shares are worth only $0.80 each. The common stock and the number of shareholders are as follows: Extract Common stock 1,000,000 Number of Shareholders 10 a. How many shares will Marvin need to sell to raise the additional $1 million? (Enter your answer in whole number not in millions.) b. What fraction of the firm will Marvin’s managers own after the VC investment? (Enter your answer as a percent rounded to 2 decimal places.)
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Suppose that First Meriam decides that Marvin’s shares are worth only $0.80 each. The common stock a...
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