In: Finance
Identify a true statement about government securities.
options:
They normally pay their holders a stated rate of interest until they mature. |
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Interest income earned on municipal bonds is subject to federal income taxes. |
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State and local governments are the sole issuers of government securities. |
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They are IOUs issued by government entities when they sell stocks of public corporations to private firms. |
The true statement is:-
a. They normally pay their holders a stated rate of interest until they mature.