What is the companys pre-money value
Problem
A venture capital company buys 400,000 new shares ofa start-ups stock for $6.60 million. If the company has 2.4 million shares outstanding prior to the purchase, what is the company's pre-money value? What is its post-money value?
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If the company has 2.4 million shares outstanding prior to the purchase, what is the company's pre-money value? What is its post-money value?
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