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Amanda owns 3,000 shares of Friere Corporation common stock with a basis of $12 per share. Amanda received a 300-share nontaxable stock dividend. The FMV

Amanda owns 3,000 shares of Friere Corporation common stock with a basis of $12 per share. Amanda received a 300-share nontaxable stock dividend. The FMV of the common stock is $13 per share. What is the basis per share of common stock Amanda owns after the stock dividend?

  • the answer is 10.91 but im not sure how to get it

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