Series 6 - Investment Company And Variable Contracts Products Representative Exam
Training Mode
A mother bought $12,000 of XYZ stock in 2001. When she died in 2012, the stock was valued at $23,000. If the children decide to sell the stock after inheriting it, what is the fair market value of the stock?
$0
A
$11,000
B
$12,000
C
$23,000
D