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Y Co., a public corporation, issues a 5% stock dividend when the market price is $10 per share. JJ received 100 shares as a result

Y Co., a public corporation, issues a 5% stock dividend when the market price is $10 per share. JJ received 100 shares as a result of this dividend. What amount must JJ include in property income?

Multiple Choice

$1,380
$1,000
$100
$1,570

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