At the time of Elijah's death, he owned stock in Grey Corporation. The stock is traded on a local exchange with the most recent selling prices as follows.
Per Share
Price
Four trading days prior to Elijah's death $120
Six trading days after Elijah's death 100
Presuming no alternate valuation date election, Elijah's gross estate should include a per share value of:
a. $108.
b. $110.
c. $112.
d. $120.

Question

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The Answer of At the time of Elijah's death, he owned stock in Grey Corporation. The stock is traded on a local exchange with the most recent selling prices as follows.
Per Share
Price
Four trading days prior to Elijah's death $120
Six trading days after Elijah's death 100
Presuming no alternate valuation date election, Elijah's gross estate should include a per share value of:
a. $108.
b. $110.
c. $112.
d. $120.

At the Time of Elijah's Death, He Owned Stock in Grey