Identify Which of the Following Statements Is True

Identify which of the following statements is true.

A) For estate tax purposes, publicly traded stocks are valued at their closing price on the date of death.
B) Stocks traded on a stock exchange are valued at the closing price for the date of death unless the alternate valuation date is elected.
C) The unified credit is the only credit common to both the gift and estate tax computation.
D) All of the above are false.