Troy has a basis of $39 per share
total value of shares is $3900
Step-by-step explanation:
On July 1, the date of the gift, the stock was selling for $39 per share.
Troy's basis in the stock = current value of shares
No need to consider the base rate which is in 15 years ago
The current rate of 100 shares = $39 × 100 = $3900
Troy has a basis of $39 per share
total value of shares is $3900
The answer is 2.99 explanation is that I used my calculator lol
Answer:
$352.48
Step-by-step explanation:
500 = P(1+6/100)^6
500 = P(1.141851912)
P = 500 / 1.1418519112 = 352.48
No it isn’t u have to swap them out. is this right? asap pls hurry
The slope is m=5/4 and the y-intercept is b= -10
