Which of the following best explains why municipal bonds, Financial Management

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Which of the following best explains why municipal bonds

Which of the following best explains why municipal bonds have lower interests than Treasury bonds?

The lower liquidity of municipal bonds.

The lower liquidity of Treasury bonds.

The lower tax rate associated with municipal bonds.

The lower tax rate associated with Treasury bonds.

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Financial Management: Which of the following best explains why municipal bonds

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Financial Management: Which of the following best explains why municipal bonds

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