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All of these statements are true. Mark for follow up Question 42 of 75. in 2016, Marlene purchase d two shares of common stock in
All of these statements are true. Mark for follow up Question 42 of 75. in 2016, Marlene purchase d two shares of common stock in a biotechnology firm. Marlene paid $70 for one share and $90 for the next share. Later in the year, the company declared a 2 for 1 common stock split. Marlene's new basis in the stock shares is: Average of 4 shares at $40 a share. O Two shares at $70 a share and two shares at $90 a share. O Four shares at $160 a share
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