If a decedent who owned stock died on a market day, the proper valuation of the stock is the

Name: If a decedent who owned stock died on a market day, the proper valuation of the stock is the
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The proper valuation of stock owned by a decedent who died on a market day is the mean between the high and low prices on that day. This average provides a fair market value that reflects the stock's trading range on the day of the decedent's death.

If a Decedent Who Owned Stock Died on a Market