Question：Shares in Tango plc are quoted at 150 - 160p.

　　The highest and lowest marked bargains were 148p and 156p.

　　If the shares are gifted, their value, per share, for capital gains purposes would be:

　　A. 155p

　　B. 152p

　　C. 152.5p

　　D. 150p

　　The correct answer is: B

　　Valuation is lower of:

　　- Lower quoted price + 0.25 x (higher quoted price - lower quoted price)

　　150 + 0.25 x (160 - 150) = 152.5

　　- The average of the highest and lowest marked bargains

　　(148 + 156) / 2 = 152

　　ie. 152p