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Problem 1 9 - 2 9 ( Algorithmic ) ( LO . 3 ) At her death, Chow owned 5 5 % of the stock
Problem AlgorithmicLO
At her death, Chow owned of the stock in Finch Corporation, with the balance held by family members. In the past five years, Finch
has earned average net profits of $ and on the date of Chow's death, the book value of its stock is $ An appropriate
rate of return for Finch's business is in is
If required, round your intermediate computations to the nearest dollar.
a If goodwill exists, the total value of Finch stock is $
What value would the IRS argue that the stock Chow owned should be included in her estate?
$
X
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