Income tax-the average per share price of the stocks

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Reference no: EM131312271

On June 29, 2001, Harry bought 100 shares of PG at 65. On May 29, 2002, PG issued 4 shares of SJM to Harry in a spin-off The average per share price of the stocks on that day were: PG 87.88; SJM 31.84. To the nearest dollar, What is Harry's basis in his 4 shares of SJM? Hint: Harry's total basis in his holdings should equal 6,500.

Income Tax

Reference no: EM131312271

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Income tax-the average per share price of the stocks : On June 29, 2001, Harry bought 100 shares of PG at 65. On May 29, 2002, PG issued 4 shares of SJM to Harry in a spin-off The average per share price of the stocks on that day were: PG 87.88; SJM 31.84. To the nearest dollar, What is Harry's basis in ..

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