8 Corporation Fruit issues a Section 1244 stock to shareholders in exchange for property. Prior to the exchange, the property's adjusted basis is $100 and FMV is $75. On the date of the exchange, the property's FMV is $85. In order to determine the amount of ordinary loss allowed upon the worthlessess of such stock, what must the stock basis be? 1 point a. $85 b. $75 c. $25 d. $100