Question

Which of the following is an attractive characteristic of municipal securities (munis) for investors? A Their interest is not taxable for federal return purposes, and sometimes for state and local returns too. B They are less risky than federally issued securities. C They normally offer higher returns than stock investments. D They can be customized for individual investors.

          Which of the following is an attractive characteristic of municipal securities (munis) for investors?
A Their interest is not taxable for federal return purposes, and sometimes for state and local returns too.
B They are less risky than federally issued securities.
C They normally offer higher returns than stock investments.
D They can be customized for individual investors.

Which of the following is an attractive characteristic of municipal securities (munis) for investors?
A Their interest is not taxable for federal return purposes, and sometimes for state and local returns too.
B They are less risky than federally issued securities.
C They normally offer higher returns than stock investments.
D They can be customized for individual investors.

Added by Carolyn O.

Horngren’s Cost Accounting

Srikant M. Datar, Madhav V. Rajan 16th Edition

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Which of the following is an attractive characteristic of municipal securities (munis) for investors? Their interest is not taxable for federal return purposes, and sometimes for state and local returns too. They are less risky than federally issued securities. They normally offer higher returns than stock investments. They can be customized for individual investors.