How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 503.37

-1.6%

Nov 13 3:59 PM EST

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To: Teflon who wrote (30411)	10/5/1999 2:33:00 PM
From: codawg	Read Replies (1) of 74651

Hey Tef, where you been hiding? I'm no accountant, but I did my own taxes until last year, and had to research all of this before. Your cost basis in the new shares is splits with the stock. If you bought 10 shares at $8 and the stock split, you would then own 20 shares with a cost basis of $4. Your new basis in ALL of the 20 shares would be $4. As PMS pointed out, that makes your total cost equal in each case; 420=$80 and 810=$80.

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