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Business, 19.03.2020 22:00 dontcareanyonemo

You have purchased 1 million shares in a restaurant chain venture. At this zero-stage investment, your company's assets are $100,000 plus the idea for your new product. Suppose that when you first approach your friendly VC, he decides that your shares are worth only $0.40 each.

How many shares will you need to sell to raise the additional $500,000?

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