All are true regarding a bond designated as 'bank qualified' except Is often a staple in community bank investment portfolios Gives the issuer a yield advantage Is a class of bond issued by municipal issuers Only applies if issuer exceeds $10M of issued bond in that year O Gives the purchaser/owner a tax advantage
All are true regarding a bond designated as 'bank qualified' except Is often a staple in community bank investment portfolios Gives the issuer a yield advantage Is a class of bond issued by municipal issuers Only applies if issuer exceeds $10M of issued bond in that year O Gives the purchaser/owner a tax advantage
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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