"On June 9th, a customer buys 100 shares of PDQ stock at $26 per share. On June 12th of the same year, the customer sells the stock at $23. On June 30th of the same year, the customer buys PDQ stock at $24. The customer's cost basis in PDQ stock is:"

, $27 per share

Explanation:

GIVEN THE FOLLOWING ;

Original Cost of stock per share = $26

Date purchased = 9th June

12th June, Stock sold at = $23 per share

On 30th June, Repurchasement cost = $24 per share.

Loss on stock = original cost of stock per share - sales price of stock

Loss on stock = $26 - $23 = $3

The customer in this case sold his stock at a loss and repurchases a similar stock within 30 days. This is called a washout sale and in this case, the loss incurred on the sold stock is added to the cost basis of the new stock purchased.

Repurchased price = $24

Loss on sold stock = $3 per share

Therefore, customer cost basis =

$24 + $3 =$27 per share.

is the answer

explanation:

answer; ///the correct answer is (ftc) federal trade commission;