Typically, the Yields on Municipal Securities Are

Multiple Choice

Typically, the yields on municipal securities are

A) well above the yields on other securities with similar credit ratings and similar terms to maturity.
B) well below the yields on other securities with similar credit ratings and similar terms to maturity.
C) taxed at both the state and federal level.
D) about the same as the yields on other securities with similar credit ratings and similar terms to maturity.