Which of the Following Features Is a Benefit for Investors

question 103

Multiple Choice

Which of the following features is a benefit for investors of municipal bonds?

• A) Interest may be tax-exempt at the federal level.
• B) Interest may be tax-deductible at the federal level.
• C) The face value may be tax-deductible at the state level.
• D) The face value may be a tax credit at the federal level.
• E) All payments are tax-deductible at all governmental levels.