Question: Crossover Bonds [ LO3] Looking back at the crossover bonds we discussed in the chapter, why do you think split ratings such as these occur?

Crossover Bonds [ LO3] Looking back at the crossover bonds we

Crossover Bonds [ LO3] Looking back at the crossover bonds we discussed in the chapter, why do you think split ratings such as these occur? Municipal Bonds [ LO1] Why is it that municipal bonds are not taxed at the federal level, but are taxable across state lines? Why are U.S. Treasury bonds not taxable at the state level? (You may need to dust off the history books for this one.)

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