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Cassandra received 25 shares of XYZ Company stock from her aunt Dawn for a graduation present. Dawn purchased the stock in 2010 at $10 per
Cassandra received 25 shares of XYZ Company stock from her aunt Dawn for a graduation present. Dawn purchased the stock in 2010 at $10 per share. The stock was worth $75 per share when Cassandra graduated. What is Casandra's basis in the stock?
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$1,250
$1,075
$1,875
$250
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