An individual shareholder owns 3,000 shares of baxter corporation common stock with a basis of $10 per share. she receives a nontaxable 5% stock dividend. the basis per share of the common stock after the stock dividend isa.$9.00.b.$10.00.c.$9.52.d.$9.50.

C.$9.52

Explanation:

Existing shares of individual shareholder = 3,000

Stock dividend received = 5%

Number of shares received in stock dividend = Existing shares of individual shareholder x Stock dividend received

                                                                            = 3,000 x 5%

                                                                             = 150

Number of shares after stock dividend = 3,000 + 150

                                                                 = 3,150

The shareholder has basis of $10 per share before stock dividend,

total basis before stock dividend = 3,000 x 10

                                                        = $30,000

Total basis will remain same after stock dividend.

Basis per share after stock dividend = Total basis before stock dividend/Number of shares after stock dividend

                                                             = 30,000/3,150

                                                             = $9.52

Therefore, The basis per share of the common stock after the stock dividend  is %9.52

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