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A firm has 1,000 shareholders, each of whom own $50 in shares. The firm uses $20,000 to repurchase shares. What percentage of the firm did

A firm has 1,000 shareholders, each of whom own $50 in shares. The firm uses $20,000 to repurchase shares. What percentage of the firm did each of the remaining shareholders own before the repurchase, and what percentage does each own now?

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