For tax purposes the gain is not recognized until the investor sells his original shares to close out the short position.
At that point, Mr. Jobs's original shares would have been worth $683 million.
At one point, his original 400 shares were worth as much as $15 million, his wife said.
In 1727 and 1728, John learned that the other inheritors of the original shares were planning to sell them back to the crown.
It closed today at $159.375, but the stock has already undergone a 3-for-1 split, making each original share worth $478.125.
As a result, the gain on the original shares fell out of charge entirely rather than merely being deferred.
The purchase price enabled a final distribution of £44.35 to be made on each of the original shares.
I intended to let Palmer think they were the original shares of stock from the trust.
The statements told that the original 5eajjj shares of stock were purchased in 1958 at eight dollars a share.
The original shares had a face value of £100, but there had been some subdivision.