[Solved] Which of the following is true of municipal government debt?

Q.	Which of the following is true of municipal government debt?
A.	It pays more interest than corporate debt.
B.	It is often purchased by individuals with high incomes.
C.	It is exempt from estate taxation.
D.	It is not subject to interest rate risk.
Answer» B. It is often purchased by individuals with high incomes.

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