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What are some of the advantages in switching to a decimal system for quoting stocks?

In 2000, the stock market switched from fractions to decimals. Write a paper (minimum 250 words, double-spaced, using 12-point Times New Roman font with 1″ margins) answering the following questions:

How were stocks quoted before the switch?
What main problem was this method creating?
What are some of the advantages in switching to a decimal system for quoting stocks?

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