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18) On May 15, 2019, Y Corp declared a nontaxable dividend payable in rights to subscribe to common stock. Amy, a shareholder of Y Corp,

18) On May 15, 2019, Y Corp declared a nontaxable dividend payable in rights to subscribe to common stock. Amy, a shareholder of Y Corp, exercised her rights on December 15, 2019. The holding period of the new stock begins on

a- December 15, 2019

b- May 15, 2019

c- May 1, 2019

d- January 1, 2019

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