Which of the Following Features Is a Benefit for Investors

Multiple Choice

Which of the following features is a benefit for investors of municipal bonds?

A) Interest may be tax-exempt at the federal level.
B) Interest may be tax-deductible at the federal level.
C) The face value may be tax-deductible at the state level.
D) The face value may be a tax credit at the federal level.
E) All payments are tax-deductible at all governmental levels.