Question

Based on the following information, estimate the percentage appreciation on stock bought by the founders: founders' purchase price = $1.00; venture investors' purchase price = $2.00; current stock price = $10.00; founders' holding period = 5 years; and venture investors holding period = 3 years.

a. 100%

b. 400%

c. 600%

d. 900%

Answer

This answer is hidden. It contains 1 characters.