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Greller owns 1 0 0 shares of Arden Corp., a publicly traded company, which Greller purchased on January 1 , Year 1 , for $
Greller owns shares of Arden Corp., a publicly traded company, which Greller purchased on January Year for $ On January Year Arden declared a for stock split when the fair market value FMV of the stock was $ per share. Immediately following the split, the FMV of Arden stock was $ per share. On February Year Greller had his broker specifically sell the shares of Arden stock received in the split when the FMV of the stock was $ per share. What is the basis of the shares of Arden sold? A $ B $ C $ D $
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