Try the fastest way to create flashcards

SIE Chapter 5

Get a hint
Which of the following is TRUE regarding the tax treatment of municipal bonds?
Click the card to flip 👆
1 / 37
1 / 37

Students also viewed

SIE CH. 8
10 terms
Profile Picture
alexisdur83044
SIE CH 8
31 terms
Profile Picture
Madison0mckay
SIE STC Ch.4
37 terms
Profile Picture
mattsturgell
Section 2 Missed Questions
9 terms
Profile Picture
kcameron217
fin 240 kaplowitz worksheet 31.2: liquidation proceedings
25 terms
Profile Picture
jasminrhyle
Logistics and Transportation
44 terms
Profile Picture
meganstrattonnn
Even more assertions!
31 terms
Profile Picture
Kell_Runnion8
SIE chapter 4 review
19 terms
Profile Picture
alexx22099
Chapter 7: Annutities
27 terms
Profile Picture
perezjohn83
Mgmt Quiz Bank
32 terms
Profile Picture
Ericamcwh
Terms in this set (37)
Which of the following is TRUE regarding the tax treatment of municipal bonds?
Interest is tax-free, but capital gains are taxable.
For an Industrial Development Bond (IDB), the primary source that backs the bond is:
The leasing corporation only
Which of the following statements about municipal revenue bonds is NOT TRUE?
The maturity of the bonds will equal the useful life of the facility being built
An investor has purchased a Bristol County General Obligation bond. Which of the following statements is TRUE concerning this investment?
Payment of principal and interest is ultimately the responsibility of Bristol County.
A quote of 5.90 - 5.75 is a quote for which of the following securities?
Treasury bills
The credit rating of a municipality will likely improve with a(n):
Increase in property taxes
Which of the following choices BEST describes Eurodollars?
U.S. dollars on deposit in foreign banks
Which of the following securities will provide an investor with protection against purchasing-power risk?
TIPS
A corporation is NOT considered to be in default if it fails to pay interest on which of the following bonds?
Income bond
Which of the following securities is NOT guaranteed by the U.S. government?
Federal National Mortgage Association (Fannie Mae) bonds
The minimum denomination for negotiable certificates of deposit is:
$100,000
A type of security that is issued in the U.S. by foreign governments and corporations, trades in U.S. markets, and is denominated in U.S. dollars is called a:
Yankee bond
Which of the following securities are generally used by importers and exporters to finance foreign trade?
Banker's acceptances
A town has started the construction of public sewers. This project is likely paid by:
Fees paid to use the sewers
A U.S. Treasury bond is selling in the market at 95.18. The dollar value of this bond is:
$955.62