This is a reply I got back in 2008 from Computershare, Prudential's transfer agent when ask what my cost basis would be.
" On December 18, 2001 when the account was created, the closing price was $29.95 per share. However, your cost basis depends on how you acquired your shares of Prudential Financial common stock. If you received shares as a direct result of Prudential's demutualization, it is our understanding the cost basis of those shares is zero".
This is how my father received these share. As a result of Prudential's demutalization. He did not buy them from a brokerage firm. I filled out a transfer of ownership form on 4/18/2006. When finalized I became the owner of the stock on 04/25/2006.
So my father had no cost because he did not buy them from a brokerage firm. So if his cost basis is zero then my cost basis would also be zero?????
