Question

Assume the same facts as in Problem 41 with the following modifications.
• The bonds were issued by the Houston (TX) Independent School District.
• The dividend record date was September 3 (not September 5).
• Kenneth’s will does not forgive Brad’s note. The business that Brad started with
the loan funds was not successful and is near receivership.
What amount is included in Kenneth’s estate?


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  • CreatedSeptember 09, 2015
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