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Which of the following is NOT true about Municipal Bonds? A] Capital gains taxes must be paid if the bonds mature or are sold for
Which of the following is NOT true about Municipal Bonds?
A] Capital gains taxes must be paid if the bonds mature or are sold for more than the investor's purchase price.
B] They are safer than the bonds insured by the Federal Deposit Insurance Corporation.
[C] They are issued by state and local governments.
[D] Their interest income may be exempt from federal income taxation.
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