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Bob owned stock in a corporation that has a dividend reinvestment plan. Bob chose to participate in the plan and, during the year, the corporation

Bob owned stock in a corporation that has a dividend reinvestment plan. Bob chose to participate in the plan and, during the year, the corporation paid dividends. The plan allowed Bob to use his $5,000 to buy 50 additional shares of stock at $100 per share when the fair market value of the stock was $120 per share. How much dividend income must Bob report on his income tax return?
A. $5,000
B. $0
C. $1,000
D. $6,000
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