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Stanley has $50,000 that he plans to invest in Corning stock, which is currently selling at $20 per share. He plans to buy the stock
Stanley has $50,000 that he plans to invest in Corning stock, which is currently selling at $20 per share. He plans to buy the stock on margin by borrowing 20% of the total investment from his broker. How many shares of Corning will Stanley purchase?
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