Chapter15: Choice Of Business Entity—other Considerations
Section: Chapter Questions
Problem 31DQ
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What’s a muni bond, and how are these bonds taxed?
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Municipal bonds also known as muni bonds are defined as debt securities which are issued by a company in order to raise money to meet their requirements. These bonds would be issued by the government in order to meet the capital expenditures in a particular county or municipality or a state.
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