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Stewart purchases some Apache oil stock for $2,000 in 2010. It is now worth $10,000. Stewart wants to gift this stock to his cousin. What

Stewart purchases some Apache oil stock for $2,000 in 2010. It is now worth $10,000. Stewart wants to gift this stock to his cousin. What will the cousins basis in the stock be?

Select one:

a. $2,000

b. It can not be determined.

c. $8,000

d. $10,000

e. $0

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