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The interest paid on any municipal bond is: The interest paid on any municipal bond is: A B C D E free of default risk.

The interest paid on any municipal bond is:
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The interest paid on any municipal bond is: A B C D E free of default risk. subject to default risk and is exem from tate Income taxation. exempt from federal income ax Ion an may or may not be exempt from state taxation. taxable at the federal level and cax ex mpt at the tate and local level. free of both defaultrisk and fe r In ome taxation,

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