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Which of the following are TRUE about Treasury securities and municipal bonds? I. Interest income from Treasury securities is exempt from federal taxes II. Interest

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Which of the following are TRUE about Treasury securities and municipal bonds? I. Interest income from Treasury securities is exempt from federal taxes II. Interest income from Treasury securities is taxable at federal level only III. Interest income from municipal bonds is always exempt from federal taxes IV. Interest income from Treasury securities is totally tax exempt O A. I and IV OB. III and IV O C. II and III OD. I and

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