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Suzie owns 560 shares of ABC corporation common stock at the beginning of the year with a basis of 98,560. During the year, ABC corporation
Suzie owns 560 shares of ABC corporation common stock at the beginning of the year with a basis of 98,560. During the year, ABC corporation declares and pays 10% nontaxable dividend. What is Suzie's basis for each of the 56 shares received?
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