Which one of the following is a false statement? A Municipal bonds are issued by state and
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Question:
Which one of the following is a false statement?
A Municipal bonds are issued by state and local governments
B Municipal bonds pay interest that is federally tax-free
C Treasury bonds are considered to be free of default risk
D Municipal bonds are considered to be free or default risk
E Floating-rate bonds have a variable coupon, depending on some index value
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