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Select which of these statements regarding Treasury notes and Treasury bonds is CORRECT. One-Both Treasury notes' and bonds' interest payments are income tax free at

Select which of these statements regarding Treasury notes and Treasury bonds is CORRECT. One-Both Treasury notes' and bonds' interest payments are income tax free at the state and federal level. Two-Treasury notes and bonds are considered default risk free. Three-If held for more than one year, interest paid on Treasury bonds is eligible for long-term capital gain treatment. Four-Both Treasury notes and bonds are not traded in the secondary market.

Question 4 options:

a)

One, Three, and Four

b)

Three and Four

c)

Two only

d)

One and Two

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