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Author: pussinboots1 Three stars, 500 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 122628  
Subject: Re: GM Stock Split Cost Basis Date: 2/23/2006 3:17 PM
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According to GM's price history, the closing price on 10/25/1975 was $21.73. The split adjustment factor is 2.53151:1 and the "actual price" is $55.00. I don't have a record of what my parents paid, so this is all I have to go by; i.e., what GM says.

My guess as to what they mean: the equivalent of 1 current share of GM closed at $21.73 on 10/25/75; 1 share of then GM stock closed at $55 on 10/25/75.

From the records I have, it was 134 shares.

So, the basis should be appx. 134*55=$7370 (before any adjustments). It seems that GM is telling you that another approximate calculation would be (# of today shares)*$21.73.

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