1. In what ways are U.S. savings bonds treated more favorably for tax purposes than corporate bonds?
2. When should investors consider making an election to amortize market discount on a bond into income annually?
3. Why might investors purchase interest-paying securities rather than dividend- paying stocks?
4. Compare and contrast the tax treatment of dividend-paying stocks and growth stocks.
5. What is the definition of a capital asset? Give three examples of capital assets.