Municipal bonds are usually exempt from income taxes. Because investors care about the after-tax returns on their
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Municipal bonds are usually exempt from income taxes. Because investors care about the after-tax returns on their investments, these bonds have lower yields than bonds whose interest payments are taxable.
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Related Book For
Money Banking And Financial Markets
ISBN: 9781260226782
6th Edition
Authors: Stephen Cecchetti, Kermit Schoenholtz
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