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Sonny owns 20,000 shares of common stock in QuickFix Company. The company has 1 million shares of common stock outstanding at a market value of

Sonny owns 20,000 shares of common stock in QuickFix Company. The company has 1 million shares of common stock outstanding at a market value of $50 per share. What percentage of the firm is owned by Sonny? If the company issues 500,000 new shares at $50 per share to new stockholders, how does Sonny's ownership change?

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