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In 2016, Bobby bought stock in Frontier Corporation for $2,500. In 2017, he received a return of capital distribution of $600 as a partial return
In 2016, Bobby bought stock in Frontier Corporation for $2,500. In 2017, he received a return of capital distribution of $600 as a partial return on his investment. In 2019, he sold the stock for $3,500. His basis in the stock is __________.
$3,500
$3,100
$2,500
$1,900
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