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ruary 2019, Sierra paid $4,500 to acquire 150 shares of CGL stock. In December 2021, CGL declared a two-for-one stock split. If there were no subsequent adjustments, what is Sierra's current basis in the stock, and how many shares does she own? $2,250 basis; 150 shares. $2,250 basis; 300 shares. $4,500 basis; 300 shares. $9,000 basis; 150 share

ruary 2019, Sierra paid $4,500 to acquire 150 shares of CGL stock. In December 2021, CGL declared a two-for-one stock split. If there were no subsequent adjustments, what is Sierra's current basis in the stock, and how many shares does she own? $2,250 basis; 150 shares. $2,250 basis; 300 shares. $4,500 basis; 300 shares. $9,000 basis; 150 share

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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In February 2019, Sierra paid $4,500 to acquire 150 shares of CGL stock. In December 2021, CGL declared a two-for-one stock split. If there were no subsequent adjustments, what is Sierra's current basis in the stock, and how many shares does she own? $2,250 basis; 150 shares. $2,250 basis; 300 shares. $4,500 basis; 300 shares. $9,000 basis; 150 shares.
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