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Municipal general obligation bonds ______; municipal revenue bonds _____. both are supported by the municipal governments ability to tax are supported by the municipal governments
Municipal general obligation bonds ______; municipal revenue bonds _____.
- both are supported by the municipal governments ability to tax
- are supported by the municipal governments ability to tax; are supported by revenue generated from the project financed
- are always subject to federal tax; are always exempt from state and local tax
- are typically zero-coupon bonds; are typically coupon bonds
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