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If the Date of Death Is on a Weekend, Why Is the Mean a Straight Average and Not Inversely Weighted Toward Friday or Monday?

IRS Regulation 20.2031-2(b)1 addresses inversely weighted means. Means are inversely weighted with respect to the number of trading days between the valuation date and pricing dates. Because neither Saturday nor Sunday are trading days, the mean for a weekend Date-of-Death is the straight average between Friday and Monday.

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