Melonie Purchased 100 Shares of Wake Corporation Stock for $6

Multiple Choice

Melonie purchased 100 shares of Wake Corporation stock for $6 per share on August 3, 2016. On December 18, 2017, Melonie sells all 100 shares for $4 per share. On January 5, 2018, Melonie purchases 50 shares of Wake stock for $5 per share. What is the basis of the 50 shares Melonie holds on January 5, 2018?

A) - 0 -
B) $50
C) $250
D) $450
E) $650