Troy received a gift of 100 shares of stock from his grandmother on July 1 of the current year. Troy's grandmother had owned the stock for 15 years and had a basis of $14 per share. On July 1, the date of the gift, the stock was selling for $39 per share. What is Troy's basis in the stock?

Troy has a basis of $39 per share

total value of shares is $3900

Step-by-step explanation:

On July 1, the date of the gift, the stock was selling for $39 per share.

Troy's basis in the stock  = current value of shares

No need to consider the base rate which is in 15 years ago

The current rate of 100 shares =  $39 × 100 =  $3900

Troy has a basis of $39 per share

total value of shares is $3900

d

step-by-step explanation:

d

choice b is correct

step-by-step explanation:

we have been given the following system of linear inequalities;

we are required to graphically determine the solution to these system of inequalities. using a graphing tool, the solution is as shown in the attachment below;