Which of the following statements is not true regarding municipal bonds?
A) They are issued by state and local governments.
B) They are free from the risk of default.
C) The interest is exempt from federal income taxes.
D) The interest is exempt from state taxes if the investor resides in the state where the bond was issued.
Correct Answer:
Verified
Q25: Match the following:
a.Unsecured bonds,having only the obligation
Q43: Junk bonds offer a relatively high rate
Q44: Federal agency bonds are all of the
Q45: You own a $1,000 par value convertible
Q46: Municipal bonds tend to have a _
Q47: The advantage of a convertible bond to
Q49: If a par value $1,000 bond is
Q50: Since municipal bond interest is exempt from
Q52: A bond from Ginnie Mae is an
Q53: The interest received from U.S. Treasury bonds
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents