Question 29 of 75. In 2021, Bud purchased two shares of common stock in a biotechnology firm. Bud paid $110 for one share and $120 for the next share. Later in the year, the company declared a 2-for-1 common stock split. What is Bud's new basis in his shares of stock? Two shares at $55 a share and two shares at $60 a share. O Four shares at $57.50 a share. Two shares at $110 a share and two shares at $120 a share. Four shares at $115 a share.