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Governments are required to return arbitrage profits to the federal government. What are arbitrage profits? Select one: a. Bond proceeds invested at a rate of
Governments are required to return arbitrage profits to the federal government. What are arbitrage profits? Select one: a. Bond proceeds invested at a rate of return exceeding the bond interest rate O b. Amounts charged in excess of costs incurred for public services c. Returns on investments of tax dollars, in excess of the prime rate d. Bond proceeds used to finance projects not approved in the legal budget
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