Multiple Choice
An individual shareholder owns 3,000 shares of Baxter Corporation common stock with a basis of $10 per share. She receives a nontaxable 5% stock dividend. The basis per share of the common stock after the stock dividend is
A) $9.00.
B) $9.50.
C) $9.52.
D) $10.00.
Correct Answer:
Verified
Correct Answer:
Verified
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