The state of Massachusetts has issued a general obligation (G.O.) bond that pays 3% interest. As an agent selling this bond, you can legitimately tell the investor that
A) the bond is guaranteed by the state of Massachusetts and is, therefore, a risk-free investment.
B) the interest income the investor receives from the bond will be free from federal taxation.
C) all state general obligation bonds are also guaranteed by the federal government.
D) all of the above statements are true.
Correct Answer:
Verified
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