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Your friend paid $25,000 to purchase stock. The market price of the stock quickly dropped to $20,000. Your friend is considering selling the stock at
Your friend paid $25,000 to purchase stock. The market price of the stock quickly dropped to $20,000. Your friend is considering selling the stock at its $20,000 price to buy a boat but does not want to lose $5,000 ($25,000 cost-$20,000 current market value). What would you advise your friend to do? Provide a rationale in your post.
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