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
Correct Answer:
Verified
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