Question: Valuation. Beth died on May 5, 2009. Her executor elected date-of-death valuation. Beth's gross estate included, among other properties, the items listed below. What is
a. 4,000 shares of Highline Corporation stock, traded on a stock exchange on May 5, 2009 at a high of 30, a low of 25, and a close of 26.
b. Life insurance policy on the life of Beth having a face value of $600,000. The cost of a comparable policy immediately before Beth's death was $187,430.
c. Life insurance policy on the life of Beth's son having a face value of $100,000. The interpolated terminal reserve immediately before Beth's death was $14,000. Unexpired premiums were $920.
d. Beach cottage appraised at a FMV of $175,000 and valued for property tax purposes at $152,000.
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