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100. Tom owns 100 shares of common stock of Grow Company, which he acquired in 2011 for $22,000 ($220 per share). On March 1, 2014,
100. Tom owns 100 shares of common stock of Grow Company, which he acquired in 2011 for $22,000 ($220 per share). On March 1, 2014, Grow Company's board of directors declared a proportionate 10% stock dividend to all common stock shareholders effective May 15, 2014. Tom received 10 shares of common stock on May 15, 2014 when the shares were trading at $300 per share. What is Tom's dividend income and basis in the new shares? Dividend Per Share Basis Income in 10 Shares 3. $0 $0 b. $0 $200 0. $3,000 $300 (1. $3.000 $227
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