Recommendations & Strategies第 44 / 100 题
An investor holds municipal bonds. The interest is generally MOST attractive to which type of investor?
a.A tax-exempt pension fund
b.A high-income investor in a high marginal tax bracket
c.A foreign investor with no U.S. tax liability
d.A young investor with minimal income
解析
Municipal bond interest is generally exempt from federal income tax, so its after-tax yield is most valuable to high-bracket investors. Tax-exempt entities and low-income investors gain little from the exemption. Comparing taxable-equivalent yield is essential in suitability.
免费刷完整 100 道题库 — 无需注册。
同考点相关题目
- A 30-year-old client with stable income, a long time horizon, and high risk tolerance wants aggressive growth. Which asset allocation is MOST suitable?
- A retired client living on a fixed income needs current cash flow and capital preservation. Which recommendation best fits this profile?
- Bond laddering is a strategy primarily used to manage which risk?
- Under the strategic asset allocation approach, an investor primarily:
- A client sells stock held for 14 months at a gain. This gain is generally taxed as:
- An investor sells a stock at a loss and repurchases the same stock 10 days later. The wash-sale rule will: