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What is sally basis per share after this stock dividend

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Question - Sally purchased 1000 shares of XTC Corp. at $55 per share. The company issued a 10% stock dividend to all shareholders of record one year after she purchased her shares. The estimated value per share of the shares at the time of the split was $52 per share. What is Sally's basis per share after this stock dividend?

Reference no: EM133005267

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