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Nancy owns 3,000 shares of Logar Corporation common stock with a basis of $12 per share. Nancy received a 300-share nontaxable stock dividend. The fair
Nancy owns 3,000 shares of Logar Corporation common stock with a basis of $12 per share. Nancy received a 300-share nontaxable stock dividend. The fair market value of the common stock is $13 per share. What is the basis per share of common stock Nancy owns after the stock dividend? OA. $10.91 OB. $9.91 c. $13.00 OD. $12.09 OE $11.09
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