Which of the Following Statements Concerning Bonds Are Correct

question 61

Multiple Choice

Which of the following statements concerning bonds are correct?
I.Municipal bond interest is federally tax-free.
II.Bond yields are related to bond ratings.
III.General obligation bonds yield more than revenue bonds.
IV.At the time of issue, callable bonds have higher yields than noncallable bonds.

• A) I and III only
• B) II and IV only
• C) I, II and IV only
• D) I, II and III only

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Powers that are shared by both the state and federal governments in the United States, such as the power to tax and build roads.

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