Julian died on November 1 and owned 100 shares of a New York Stock Exchange stock. The stock traded at a high of 100 and a low of 98 on November 1. It opened at 98 and closed at 100. On Julian's estate tax return, what will the per-share and total value of the stock be?
What will be an ideal response?
($100 + 98)/2 = $99 per share × 100 shares = $9,900
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