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Thanks for your message ... it really helped.

On more question:

You wrote:
"You will receive guidance on this from GM. Assuming this is a tax-free spin-off, your basis in your old shares will be allocated between old and new based on the relative fair market values at the time of the spin-off. For example, if the Raytheon shares you receive have a FMV equal to 8% of the total, and GM shares have a FMV equal to 92%, then for each lot of shares you will allocate the basis 92% to the GM shares you retain and 8% to the Raytheon shares you received."
Do I need to calculate the FMV based on the Friday 12/19/97 closing prices of GM and RTNa or will GM tell me when they send me info. on the transaction?

Yours, SHenrie
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