200 shares of a stock converted to 150 shares of another stock. whaet to use as cost basis

[mkkh2]

I purchased 200 shares of a stock which converted to 150 shares of another stock when first company was acquired by second company. How do I calculate cost basis to use when selling 150 shares?

[DianeW777]

If you did not receive any money on the conversion, then the cost of the 150 shares is the same amount you used to purchase the original 200 shares. Simply divide the original cost by the 150 shares and this is your cost per share if you don't sell them all at once.

If you did receive any amount of money on the conversion, this would reduce your cost basis before determining the cost per share.

[Critter-3]

Duplicate posting.   Could be a homework question. 

[mkkh2]

not a homework question. a computer glitch issue