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Arnold purchased 300 shares of mno stock on June 2, 2016, for $4000. In November 2017, mno issued a 10% stock dividend. How many shares
Arnold purchased 300 shares of mno stock on June 2, 2016, for $4000. In November 2017, mno issued a 10% stock dividend. How many shares does Arnold own now, and what is his basis?
a) 330 shares, $3,600 basis.
b) 330 shares, $4,000 basis.
c) 330 shares, $4,400 basis.
d) 300 shares, $4,400 basis.
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