The price of a municipal bond will tend to rise when interest rates decline.
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Q27: Municipal bonds are registered with the Federal
Q28: If interest rates increase,
1. the price of
Q29: Treasury bills
A)sell at a discount
B)sell for a
Q30: Sources of risk to investors who purchase
Q31: Some municipalities have their municipal bonds insured
Q33: Municipal bonds are more marketable than corporate
Q34: Municipal bonds are exempt from federal income
Q35: Collateralized mortgage obligations (CMOs)
A)are free of interest
Q36: Poor quality municipal bonds pay more interest
Q37: Municipal bonds are often examples of serial
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