Question: When Phil died in the current year he owned shares

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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  • CreatedSeptember 09, 2015
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