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Question 1 of 5 Which of the following statements is true regarding U . S . Government Agency bonds? GNMA bonds have low default risk.
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Which of the following statements is true regarding US Government Agency bonds?
GNMA bonds have low default risk.
Mortgage backed securities have low prepayment risk.
Interest income and capital gains are exempt from state and local taxes.
Interest income and principal payments from the GNMA bonds are made monthly.
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Investments
Authors: Zvi Bodie, Alex Kane, Alan Marcus, Stylianos Perrakis, Peter
8th Canadian Edition
007133887X, 978-0071338875
