1.Bill recently died, and you are in the process of valuing assets for inclusion in his gross...
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Question:
1.Bill recently died, and you are in the process of valuing assets for inclusion in his gross estate. Bill was a day trader by occupation and owned XYZ Stock, listed security, among his many other investments. On the date of his death, this stock traded between a high of $12 per share and a low of $6 per share, closing at $8 per share. In valuing XYZ Stock in Bill's gross estate, what is its appropriate value per share? Show your work.
Expert Answer:
In valuing XYZ Stock in Bills gross estate the appropriate value per share is usually the fair marke... View the full answer
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