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Which of the following is NOT a reason why mutual funds are good vehicles for investing in state and local government bonds? Some state and

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Which of the following is NOT a reason why mutual funds are good vehicles for investing in state and local government bonds? Some state and local government bonds are not very marketable. The size of trading for some government bonds is too large for some investors. Mutual funds offer tax advantages not offered by state and local government bonds. Mutual funds offer diversification in bond investment

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