The CMV of a stock as of the first moment of a given month is its closing price on
the last business day of the preceding month.
The values of over-the-counter stocks are shown on a “bid” and “asked” basis. For example, “18 bid, 19 asked.” Use the bid price as the CMV.
The “par value” or “stated value” shown on some stock certificates is not the market value of the stock.
The closing price of a stock on a given day can usually be found in the next day's
regular or financial newspaper. If the value of a stock does not appear in the newspaper, you may obtain the information
from the internet (e.g., finance section of Yahoo). A link to an internet site is
provided above in these instructions.
As a last resort, contact a local securities firm. Record the appropriate closing price and the source of the information on an RC.