How much will the firm raise what will be your percentage, Financial Management

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How much will the firm raise what will be your percentage

The firm you founded currently has 16 million shares, of which you own 8 million. You are considering an IPO where you would sell 2 million shares for $20 each. If all of the shares sold are from your holdings, how much will the firm raise? What will be your percentage ownership of the firm after the IPO?

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Financial Management: How much will the firm raise what will be your percentage

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