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FINRA Series 7

Category - Series 7

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Municipal bonds would be least attractive as an investment for which of the following?

an insurance company
a pension fund
a commercial bank
the executive officer of an industrial corporation in the highest income tax bracket

Explanation

Answer: B - a pension fund. Since the pension fund does not pay income tax, the tax benefits of the municipal bonds are not realized.

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FINRA Series 7

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