Copper Corporation Owns Stock in Bronze Corporation and Has Net

Multiple Choice

Copper Corporation owns stock in Bronze Corporation and has net operating income of $900,000 for the year. Bronze Corporation pays Copper a dividend of $150,000. What amount of dividends received deduction may Copper claim if it owns 65% of Bronze stock (assuming Copper's dividends received deduction is not limited by its taxable income) ?

A) $97,500.
B) $105,000.
C) $120,000.
D) $150,000.
E) None of the above.