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There are additional tax advantages, beyond mismatch of income and deduction, for the establishment of an ESOP. One of these is non-recognition of gain treatment,

There are additional tax advantages, beyond mismatch of income and deduction, for the establishment of an ESOP. One of these is non-recognition of gain treatment, qualified replacement property must be purchased. Which of the following investments would qualify as qualified replacement securities?

a. DIA - The Dow Jones Industrial Average ETF Trust

b. Porsche Automobile Holding ADR

c. UPS (United Parcel Service) Debentures

d. Louisiana general obligation bonds

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