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Basic Question 8 of 8

The tax exemption for municipal securities applies to ______.

I. interest income
II. capital gains
III. state taxes
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User Contributed Comments 2

User Comment
Done III also depending on if you purchase your home state's bonds.
steved333 or a city bond...
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I used your notes and passed ... highly recommended!
Lauren

Lauren

Learning Outcome Statements

describe how legal, regulatory, and tax considerations affect the issuance and trading of fixed-income securities

CFA® 2025 Level I Curriculum, Volume 4, Module 2.