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Ada purchased 1000 shares of XTC Corp. at $55 per share. The company issued a...

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Accounting

Ada purchased 1000 shares of XTC Corp. at $55 per share. The company issued a 10% stock dividend to all shareholders of record one year after she purchased her shares. The estimated value per share of the shares at the time of the split was $52 per share.

What is Ada's basis per share after this stock dividend?

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