If MedMetric closes a $5 million Series A round for 25% of the equity on...
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Accounting
If MedMetric closes a $5 million Series A round for 25% of the equity on a fully diluted basis one year after the convertible note is completed, what percentage ownership is Parker likely to receive from his investment?
iNITIAL AMOUNT - $1 000 000,
INTEREST 6% (DONT KNOW IF IT IS NEEDED TO BE INCLUDED IN CALCULATION),
FIRSTLY DISCOUNT OFFERED 20%
PRICE -1$
PS. please provide the calculation and explain why we include or not include interest rate and previous discount rate
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