Soledad Received One Stock Right for Every Two Shares of Stock

question 50

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

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Definitions:

Québec

A province in Canada known for its unique French heritage, culture, and language.

Social Acceptance

The condition in which individuals are recognized and accepted into a social group or society, often conforming to its norms and values.

Canadians

Individuals who are citizens of Canada, either by birth or naturalization, or who identify with the culture and society of Canada.

Homosexuality

A sexual orientation characterized by a romantic or sexual attraction to people of one's own sex.