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Maribelle purchases shares in XYZ Municipal bond fund on January 1. She redeems those shares for a profit on January 1 of the following year.

Maribelle purchases shares in XYZ Municipal bond fund on January 1. She redeems those shares for a profit on January 1 of the following year. Which taxes will she need to pay on the profit from the funds? A Short-term capital gains tax B Long-term capital gains tax C The type of capital gains tax on the shares depends on how long the fund held the bonds D Because the bonds in the fund are municipal bonds, she will not have to pay any taxes

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