Dustin purchased 50 shares of Short Corporation for $500. During the current year, Short declared a nontaxable 10% stock dividend. What is the basis per share before and after the stock dividend is distributed?
A)
B)
C)
D)
A)
500 original basis/(50 original shares + 5 new shares) = $9.09
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Fill in the blank(s) with the appropriate word(s).