Would you expect the interest rate on the bonds

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Question: If you, as an individual investor, purchase tax-exempt state or local bonds, would you expect the interest rate on those bonds to be higher, or lower, than the interest rate on bonds that are not tax-exempt? Provide an explanation for your response. The response must be typed, double spaced, times new roman, font size 12 and must follow APA format.

Reference no: EM132743523

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