Which of the following investments normally produce(s) tax-exempt income?

Name: Which of the following investments normally produce(s) tax-exempt income?
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Municipal bonds are typically issued by state and local governments and are exempt from federal income tax. They may also be exempt from state and local taxes, depending on the investor's state of residence and the state that issued the bond. Stocks and corporate bonds generally do not produce tax-exempt income.

Which of the Following Investments Normally Produce(s) Tax-Exempt Income