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In 2010 Toni purchased 100 shares of common stock in Blue Corporation for $5,280. In 2011, Blue declared a stock dividend of one share of
In 2010 Toni purchased 100 shares of common stock in Blue Corporation for $5,280. In 2011, Blue declared a stock dividend of one share of its common stock for each 10 shares held. This year, 2012, Blue's shares of the Blue corporation stock if both distribution were tax-free? A)$24 per share B) $48 for 110 shares and $0 for all additional shares C)52.80 for 100 shares and $0 for all additional shares D) $80 per share
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