Question: Explain why you agree or disagree with the following statement: All municipal bonds are exempt from federal income taxes. Explain why you agree or disagree

  1. Explain why you agree or disagree with the following statement: All municipal bonds are exempt from federal income taxes.

  2. Explain why you agree or disagree with the following statement: All municipal bonds are exempt from state and local taxes.

  3. What is the difference between a tax-backed bond and a revenue bond?

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