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If MedMetric closes a $5 million Series A round for 25% of the equity on...

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Accounting

If MedMetric closes a $5 million Series A round for 25% of the equity on a fully diluted basis one year after the convertible note is completed, what percentage ownership is Parker likely to receive from his investment?

iNITIAL AMOUNT - $1 000 000,

INTEREST 6% (DONT KNOW IF IT IS NEEDED TO BE INCLUDED IN CALCULATION),

FIRSTLY DISCOUNT OFFERED 20%

PRICE -1$

PS. please provide the calculation and explain why we include or not include interest rate and previous discount rate

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