How much will the co-founders own on a fully diluted basis, Finance Basics

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How much will the co-founders own on a fully diluted basis

Problem

A company with four equal share co-founders creates an Employee Stock Option Pool including up to 10% of the company's stocks. How much will the co-founders own on a fully diluted basis (meaning if the entire pool is issued and no options are issued to the co-founders themselves)?

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Finance Basics: How much will the co-founders own on a fully diluted basis

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