Because many people know that interest payments on municipal debt generally are exempt from taxation by the

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Because many people know that interest payments on municipal debt generally are exempt from taxation by the federal government, they would undoubtedly be surprised by the term tax risk of investing in municipal bonds. Can you explain this term and state why an astute investor should always be aware of this risk when buying municipal bonds?

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Foundations Of Financial Markets And Institutions

ISBN: 9780136135319

4th Edition

Authors: Frank J Fabozzi, Franco G Modigliani, Frank J Jones

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