Could the yield curve for municipals ever lie above the yield curve for government securities? (Hint: Consider

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Could the yield curve for municipals ever lie above the yield curve for government securities? (Hint:

Consider all tax rates.) What effect would an increase in marginal tax rates have on the position of the yield curve for municipals?

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An Introduction To Financial Markets And Institutions

ISBN: 978-0765622761

2nd Edition

Authors: Maureen Burton ,Reynold F. Nesiba ,Bruce Brown

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