orporation stock at S10 per share. Two years later, he receives a 5% common stock of Purple Corporation had a fair market value of $12.50 per s of the Purple Corporation stock, the per share basis, and gain recognized upon receipt of the Kevin purchased 5,000 shares of Purple C 5. common stock dividend. At that time, the share. What is the basi common stock dividend? bas is in stock, $10 basis per share for the original stock and S0 basis per share for the dividend shares, SO recognized gain. b. $50,000 basis in stock, $9.52 basis per share, $0 recognized gain. . $53,125 basi shares, $3, 125 recognized gain d. $$3,125 basis in stock, $10.12 basis per share, $3,125 recognized gain. e. None of the above s in stock, $10 basis per share for the original stock and $12.50 basis per share for the dividend