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In 2016, Marlene purchased two shares of common stock in a biotechnology firm. Marlene paid...

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Accounting

In 2016, Marlene purchased two shares of common stock in a biotechnology firm. Marlene paid $70 for one share and $90 for the next share. Later in the year, the company declared a 2 for 1 common stock split. Marlene's new basis in the stock shares is:

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