Mark purchased 2,000 shares of Darcy Corporation for $13,200. This year, Darcy declared a 10% nontaxable stock dividend, and Mark received 200 shares. After the dividend Mark's per share basis will be

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The original cost of the shares was $13,200 for 2,000 shares, making the original per share basis $6.60. After receiving a 10% stock dividend, Mark now has 2,200 shares. The total cost basis remains $13,200, so the new per share basis is $13,200 / 2,200 = $6.00.

Mark Purchased 2,000 Shares of Darcy Corporation for $13,200