Question
A customer leaves each of his grandchildren shares of XYZ Fund in his will. The customer purchased the shares 20 years ago for $4.50 a
A customer leaves each of his grandchildren shares of XYZ Fund in his will. The customer purchased the shares 20 years ago for $4.50 a share. At the time of the customer's death, they are worth $15.50 a share. If the grandchildren redeem their shares, what is their cost basis per share?
| A) | $4.50 | |
| B) | $9.50 | |
| C) | $15.50 | |
| D) | This cannot be determined from the information given |
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How Finance Works
Authors: Mihir Desai
1st Edition
1633696707, 978-1633696709
