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12 March, 09:25

Seth owns 150 shares of stock with a basis of $1,800 at $12 per share. The stock splits three for one. How many shares does he now own, and what is his basis per share

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  1. 12 March, 09:50
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    new share = 150*3 = 450

    12/3 $ - new basis

    $4 is the new basis
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