Question: When Phil died in the current year, he owned shares of Orange Corporation which are traded in the over-the-counter market. The market trades before and

When Phil died in the current year, he owned shares of Orange Corporation which are traded in the over-the-counter market. The market trades before and after Phil’s date of death occurred as follows.

Per Share Mean

Selling Price

Six days before death ………………………. $400

Four days after death ………………………. 450

What value per share should be included in Phil’s gross estate?

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