Chichii
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Intro Finance Midterm #1 (A+) Correct Answers 2024
Municipal bonds - ANS-issued by state and local governments to fund public projects -Tax advantage (don't have to pay taxes on interest income if you live in state issuing bond) -some risk of default like corporate bonds but lower because of tax advantage -2 types of bonds: general obligation (paid from general funds of issuer) and revenue bonds (paid from revenues from project being financed)
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Municipal bonds - ANS-issued by state and local governments to fund public projects -Tax advantage (don't have to pay taxes on interest income if you live in state issuing bond) -some risk of default like corporate bonds but lower because of tax advantage -2 types of bonds: general obligation (paid from general funds of issuer) and revenue bonds (paid from revenues from project being financed)