Question
In the case of any municipal security, other than those specified in paragraph (c)(2)(vi)(B)(1), which is not traded flat or in default as to principal
In the case of any municipal security, other than those specified in paragraph (c)(2)(vi)(B)(1), which is not traded flat or in default as to principal or interest, the applicable percentages of the market value of the greatest of the long or short position in each of the categories specific below are: (i) Less than 1 year to maturity......................................1% (ii) 1 year but less than 2 years to maturity...................2% (iii) 2 years but less than 3 12 years to maturity..............3% (iv) 3 12 years but less than 5 years to maturity..............4% (v) 5 years but less than 7 years to maturity..................5% (vi) 7 years but less than 10 years to maturity.............5 12% (vii) 10 years but less than 15 years to maturity...............6% (viii) 15 years but less than 20 years to maturity............6 12% (ix) 20 years or more to maturity........................................7%
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started