In January 2018, Matilda paid $4,500 to acquire 150 shares of MNO stock. In December 2020, MNO declared a two-for-one stock split. If there were
In January 2018, Matilda paid $4,500 to acquire 150 shares of MNO stock. In December 2020, MNO declared a two-for-one stock split. If there were no subsequent adjustments, what is Matilda's current basis in the stock, and how many shares does she own?
$2,250 basis; 150 shares.
$2,250 basis; 300 shares.
$4,500 basis; 300 shares.
$9,000 basis; 150 shares.
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Authors: Steven M. Bragg
1st Edition
1642210773, 978-1642210774
