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At the Time of His Death, Tom Owned Some Common

question 80

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At the time of his death, Tom owned some common stock. Date of Death  Value Six Value  Months Later  Citron Corporation $1,500,000$1,100,000 Grey Corporation 1,300,0001,400,000\begin{array}{lcc} &\text {Date of }\\&\text {Death }&\text { Value Six}\\& \text { Value } & \text { Months Later } \\\text { Citron Corporation } & \$ 1,500,000 & \$ 1,100,000 \\\text { Grey Corporation } & 1,300,000 & 1,400,000\end{array} If the alternate valuation date is properly elected, the value of Tom's estate as to these stocks is:


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