1.

Which of the following state is TRUE?

Group of answer choices

There is a limited secondary market for Rule 144A securities.

There is an active secondary market for private placement securities.

Corporate securities always offer a lower credit premium than treasury securities.

None is true.

2.

Interest incomes generated from securities issued by US federal government agencies are exempt from:

Group of answer choices

Federal taxes

Local and state taxes

No tax exemption.

Both federal taxes and local and state taxes