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Are flower bonds still available?


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Answered 2011-09-12 14:03:48

Flower Bond

Type of U.S. Government bond that, regardless of its cost price, was acceptable at par value in payment of estate taxes if the decedent was the legal holder at the time of death; also called estate tax anticipation bond. Flower bonds stopped being issued in 1971, and the last of them, with a 31⁄2% coupon, matured in 1998. Emilio Baez of Naples, Florida

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