Because of the tax-exempt feature of municipal bonds, the yield on municipal bonds ________ that on Treasuries with ________.

Name: Because of the tax-exempt feature of municipal bonds, the yield on municipal bonds ________ that on Treasuries with ________.
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Municipal bonds typically offer a lower yield compared to Treasuries of the same maturity because the interest income from municipal bonds is often exempt from federal income taxes, making them attractive despite their lower yield.

Because of the Tax-Exempt Feature of Municipal Bonds, the Yield