Please give me the answer with a detailed explanation. Simone founded her company using $150,000...
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Please give me the answer with a detailed explanation.
Simone founded her company using $150,000 of her own money, issuing herself 300,000 shares. An angel investor bought an additional 200,00 shares for $100,000. She now sells another 500,000 shares to a venture capitalist for $2 million. What percentage of the firm does Simone now own?
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