Bonds Issued by the U.S.government

Multiple Choice

Bonds issued by the U.S.government:
I.are considered to be free of default risk.
II.are considered to be free of interest rate risk.
III.provide totally tax-free income.
IV.pay interest that is exempt from federal income taxes.

A) I only
B) I and III only
C) I and IV only
D) II and III only
E) II and IV only