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(TCO 4) The most important feature of municipal bonds is _.
: the wide range of denominations and maturities
that the interest is not taxable by the federal government
the risk-free nature of this investment
its appeal to investors needing growth
Question 2. Question : (TCO 4) For the major bond-rating agencies, the lowest level of an investment grade bond is _.
: AA (investment grade includes AAA and AA)
A (investment grade includes AAA, AA, and A)