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Today, you purchased a single stock for $10.50. When the markets opened this morning, the price of the stock was $10.66. When the markets closed
Today, you purchased a single stock for $10.50. When the markets opened this morning, the price of the stock was $10.66. When the markets closed this today, the last trade was at $10.71. Yesterday, the close price was $10.47. What value should you use as the basis of the stock? Assume that there were no transaction costs.
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