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Heather owns 300 shares of Diego Corporation common stock for which she paid $6,000. She receives a nontaxable stock dividend of 30 share for common
Heather owns 300 shares of Diego Corporation common stock for which she paid $6,000. She receives a nontaxable stock dividend of 30 share for common stock and $250 a share for preferred stock. What is Heather's basis in the common and preferred shares? Round any division to two decimal places and use rounded values in subsequent computations. If required, round your final answers to the nearest dollar. Heather's basis for the common stock is $ X and $ X for the preferred stock
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