Chef owns 150 shares of stock with a basis of 1800 at 12 per

Chef owns 150 shares of stock with a basis of $1,800 at $12 per share the stock splits 341 how many shares does he now own and what is his basis per share

Solution

Chef owns 150 shares of stock

Basis of $1,800 at $12 per share

Stock splits 341

Now he own = 341 shares (2.273 per share)

his basis per share = 1800/341 = 5.28 per share