Question $23$

$1\mathrm{.}7$ pts

One difference between municipal bonds and corporate bonds is that:

municipal bonds will never experience a defautt $($failure to pay$)$ while corporate bonds might.

corporate bonds will never experience a default while municipal bonds might.

municipal bonds are generally not taxed at the federal level while corporate bonds are.

corporate bonds are generally not taxed at the federal level while municipal bonds are.