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Seth owns 150 shares of stock with a basis of $1,800 at $12 per share. The stock splits three for one. How many shares does he now own, and what is his basis per share
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Seth owns 150 shares of stock with a basis of $1,800 at $12 per share. The stock splits three for one. How many shares does he now own, and what is his basis per share

User Davy Meers
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5 votes

Answer:

Step-by-step explanation:

new share = 150*3 =450

12/3 $ - new basis

$4 is the new basis

User Manas
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