Which of the following statements concerning bonds are correct?
I.Municipal bond interest is federally tax-free.
II.Bond yields are related to bond ratings.
III.General obligation bonds yield more than revenue bonds.
IV.At the time of issue, callable bonds have higher yields than noncallable bonds.
A) I and III only
B) II and IV only
C) I, II and IV only
D) I, II and III only
Correct Answer:
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