Soledad Received One Stock Right for Every Two Shares of Stock

question 51

Multiple Choice

Soledad received one stock right for every two shares of stock she owned.She owned 100 shares that she purchased two years ago for $1,000.Each of the 50 rights that she received allows her to purchase one share of stock for $15.The stock is currently selling for $22 per share.What is her basis in the 50 stock rights?

• A)$0
• B)$137.25
• C)$159.09
• D)$274.51
• E)None of the above

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Definitions:

Physical Attractiveness

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