Debbie gave Linda one share of publicly traded Goody Company stock on December 11, a Thursday. During
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Question:
Debbie gave Linda one share of publicly traded Goody Company stock on December 11, a Thursday. During the week of the gift, the stock traded as follows:
Sales Price
Date
12/8- High Price = $80 ; Low Price = $76 ; Closing = $78.50
12/12- High Price = $82 ; Low Price = $78 ; Closing = $79
What is the fair market value of Debbie's gift to Linda for gift tax purposes? Show your work.
Related Book For
Foundations of Financial Management
ISBN: 978-1259024979
10th Canadian edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
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