- CFA Exams
- CFA Level I Exam
- Topic 6. Fixed Income
- Learning Module 2. Fixed-Income Cash Flows and Types
- Subject 3. Legal, Regulatory and Tax Considerations
CFA Practice Question
The tax exemption for municipal securities applies to ______.
II. capital gains
III. state taxes
I. interest income
II. capital gains
III. state taxes
Correct Answer: I only
User Contributed Comments 2
| User | Comment |
|---|---|
| Done | III also depending on if you purchase your home state's bonds. |
| steved333 | or a city bond... |