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Under which circumstances do state and municipal bonds attract buyers even when they have lower rates of interest than other bonds of similar maturity and
Under which circumstances do state and municipal bonds attract buyers even when they have lower rates of interest than other bonds of similar maturity and risk?
Multiple choice question.
When the interest is exempt from federal income taxes
When the bonds have balloon payments attached
When the bonds are able to be paid back over a longer time
When the bonds are issued by a nonprofit firm
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