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When death occurs on a sunday, what is the date used for the cost basis of stock? would you use the previous Friday close, Monday open, or otherwise?

I'm pretty sure it's the average of the high and low on the last trading day before death. Unless the stock is very thinly traded ("thinly traded" as in you measure the time between individual trades in days) in which case you would use a weighted average of the trades before and after death.

Hopefully, someone will correct me if I've made an error here.

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