Question: On March 4 , 2 0 1 1 , Dret Dretty Co . purchased 1 , 0 0 0 shares of LVC common stock at

On March 4,2011, Dret Dretty Co. purchased 1,000 shares of LVC common stock at $80 per share. On September 26,2011, Dret Dretty received 1,000 stock rights to purchase an additional 1,000 shares at $90 per share. The stock rights had an expiration date of February 1,2012. On September 26,2011, LVCs common stock had a fair value,ex-rights, of $95 per share and the stock rights had a fair value of $5 each. What amount should Dret Dretty record on September 26,2011 for investments in stock rights?

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