11. If the income tax exemption on bonds were abolished. what would happen the inter. est rates...

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11. If the income tax exemption on bonds were abolished. what would happen the inter.

est rates on these bonds? What effect would it have on interest rates on U.S. Treasury securities?

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Financial Markets and Institutions

ISBN: 978-0321280299

5th edition

Authors: Frederic S. Mishkin, Stanley G. Eakins

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