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Which of the following is a true statement about the first payment received from a purchased annuity? A portion of the payment is a return
Which of the following is a true statement about the first payment received from a purchased annuity?
A portion of the payment is a return of capital.
The paymem is included in gross incame.
The payment is not taxod until the annulty payments cease altogether,
The payment can anly be taxed in the year atter the ann fity was purshased.
None of these are true statements.
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Modern Portfolio Theory and Investment Analysis
Authors: Edwin Elton, Martin Gruber, Stephen Brown, William Goetzmann
9th edition
9781118805800, 1118469941, 1118805801, 978-1118469941
