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3. Verify Value Verify the current value of each share of the stock by the best of the following alternatives: a. The last monthly or quarterly statement from the brokerage firm; b. Stock values listed in the newspaper. Most newspapers report on some stock values in the New York, American, and NASDAQ Stock Exchanges. c. If not listed, contact a stock broker, or check the Wall Street Journal. d. Contact the corporate office, or the accountant if the corporation is privately held. NOTE: Never use the original cost of stock or the face value on a stock certificate to establish value. 4. Verification date for stock value a. The value on any day verified from the newspaper, stock brokerage firm, or corporate office UNLESS: b. The value of the stock is known to have changed and a lesser value could establish eligibility in an earlier month or retroactively. c. Verify lesser value from monthly or quarterly statements if available; or d. If statements are not available, a/b has no documentation, and actual retroactive value would benefit the a/b, sources are: (1) NC Department of Revenue (can verify value as of December 31). (2) Brokerages or corporate offices. (3) Old issues of the Wall Street Journal (at a library). 5. Administrative Fees a. Verify the cost of selling the shares (on any day you call) by contact with a stock broker or financial institution. b. Deduct this cost from the total value of the shares and count the remainder in resources. J. Bonds, Securities 1. Bonds A bond is a certificate of debt. The issuing company or governmental body promises to pay a specified amount of interest for a specified period of time, 74