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D K Question 68 1 pts [Ch.11] A municipal bond is paying a 6% annual yield. An equivalent risk corporate bond is paying 7%. Why

D K Question 68 1 pts [Ch.11] A municipal bond is paying a 6% annual yield. An equivalent risk corporate bond is paying 7%. Why would the municipal bond pay a lower yield? O Municipal bonds are exempt from all income taxes O Municipal bonds have lower tax rates O Municipal bonds are exempt from federal income tax O Municipal bonds are exempt from state income taxes

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