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What is the fair market value of debbie

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Reference no: EM133000196

Debbie gave Linda one share of publicly traded Goody Company stock on December 11, a Thursday. During the week of the gift, the stock traded as follows:

Sales Price

Date

12/8- High Price = $80 ; Low Price = $76 ; Closing = $78.50

12/12- High Price = $82 ; Low Price = $78 ; Closing = $79

What is the fair market value of Debbie's gift to Linda for gift tax purposes? Show your work.

Reference no: EM133000196

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