Solved: Jo received one stock right for each share of the 10 shares, Cost Accounting

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Jo received one stock right for each share of the 10 shares

Jo received one stock right for each share of the 10 shares of stock that she owns in Bill Corporation, which she purchased three years ago for $50. Each stock right allows her to purchase 1 share of stock for $10. The stock is currently selling for $13 per share.

What is her basis in the stock rights?

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Cost Accounting: Jo received one stock right for each share of the 10 shares

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