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List two reasons why it is possible for a U.S Treasury Security (which is taxable) to have a lower before-tax yield than a Municipal (non-taxable)
- List two reasons why it is possible for a U.S Treasury Security (which is taxable) to have a lower before-tax yield than a Municipal (non-taxable) bond.(Assume that the bonds have the same maturity date and ignore state taxes when answering this question).
list 2 reasons
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Public Finance and Public Policy
Authors: Jonathan Gruber
5th edition
1464143331, 978-1464143335
