Question: Arbitrage rules under the Internal Revenue Code Multiple Choice Limit the investment of bond proceeds to securities whose yield does not exceed that of the

Arbitrage rules under the Internal Revenue Code
Multiple Choice
Limit the investment of bond proceeds to securities whose yield does not exceed that of the new debt.
Determine the deductibility of interest payments made on the purchase of capital assets.
Define the amount of capital assets a government can attain in a given year relative to anticipated revenue streams.
Specify the interest rate that a government can offer on debt issuances.

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