Which of the Following Independent Statements Correctly Reflects the Valuation

Which of the following independent statements correctly reflects the valuation rules applicable to estate and gift taxes?

A) In valuing an annuity issued by Prospective Insurance Company, use the tables issued by the IRS.
B) In valuing an unmatured life insurance policy on which further premiums need to be paid, use the policy's replacement value.
C) In valuing a note receivable, the issuer's bankruptcy should not be taken into account.
D) In valuing a used car, use the trade-in value offered by a dealership as a down payment on a new model.