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What is (are) the investment thesis (reason for investment) of a muni? (select all that apply) a. Tax-free income at the state-level if issued in

What is (are) the investment thesis (reason for investment) of a muni? (select all that apply)

a. Tax-free income at the state-level if issued in the same state that the taxpayer is domiciled

b. School-tax free income

c. Tax-deferred federal income

d. Tax-free federal income

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