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Which statements are true about general obligation bonds: | - Coupon interest payments are always federal and state income tax-free. II - They are collateralized
Which statements are true about general obligation bonds: | - Coupon interest payments are always federal and state income tax-free. II - They are collateralized by the earnings from a specific project. III - They are generally safer than revenue bonds. IV - They are backed by the U.S. Treasury through GNMA. I, II, III and IV I and III Ill only I, II, and III III and IV
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