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In February 2019, Sierra paid ( $ 4,500 ) to acquire 150 shares of CGL stock. In December 2021, C own? ( $ 2,250 )
In February 2019, Sierra paid \( \$ 4,500 \) to acquire 150 shares of CGL stock. In December 2021, C own? \( \$ 2,250 \) basis; 150 shares. \( \$ 2,250 \) basis; 300 shares. \( \$ 4,500 \) basis; 300 shares. \( \$ 9,000 \) basis; 150 shares. Mark for follow up
Question 6 of 15. Michael inherited 250 shares of QRS stock when his father passed away on September 7, 2021. T subsequent adjustments to his basis. What is Michael's basis in the shares of stock he inherited?
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