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Some financial institutions such as pension plans are forbiddin by law to invest in, options: a. junk bonds. b. corporate stock. c. Treasury securities. d.

Some financial institutions such as pension plans are forbiddin by law to invest in,

options:

a. junk bonds.

b. corporate stock.

c. Treasury securities.

d. investment-grade bonds.

If all other characteristics are similar, the quoted yield on tax exempt securities is lower than the quoted yield on taxable securities.

options:

True
False

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