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In 2010 toni purchased 100 shares of common stock in blue

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In 2010 Toni purchased 100 shares of common stock in Blue Corporation for $5,280. In 2011, Blue declared a stock dividend of one share of its common stock for each 10 shares held. This year, 2012, Blue's shares of the Blue corporation stock if both distribution were tax-free?

Reference no: EM13570044

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