What is the date of death per share value? - ProProfs
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What is the date-of-death per-share value?
Brent, who died on January 10, owned 10 shares of Potts Corporation stock. The closest trading dates to January 10 are January 8 (two working days before the date of death) and January 11 (one working day after the date of death). On January 8, the stock traded at a high of 101 and a low of 97 while on January 11 the high was 90 and the low was 86.

This question is part of Account statements quiz - 2
Asked by Advanced_tax on Sep 11, 2018

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advanced_tax

Advanced_tax

Answered on Sep 11, 2018

$91.67

Explanation: D) (101 + 97) × 0.50 = 99; (90 + 86) × 0.50 = 88 = $91.67 Page Ref.: C:13-6; Example C:13-7
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