Question
Because many people know that interest payments on municipal debt generally are exempt from taxation by the federal government, they would undoubtedly be surprised by
Because many people know that interest payments on municipal debt generally are exempt from taxation by the federal government, they would undoubtedly be surprised by the term tax risk of investing in municipal bonds. Can you explain this term and state why an astute investor should always be aware of this risk when buying municipal bonds?
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Financial Institutions Management
Authors: Anthony Saunders
1st Edition
0256110565, 9780256110562
