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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?

A. 0.10% before; 0.17% now

B. 0.10% before; 0.14% now

C. 0.05% before; 0.03% now

D. 0.05% before; 0.07% now

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