FINRA Series-7 Question Answer
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
a pension fund. Since the pension fund does not pay income tax, the tax benefits of the municipal bonds are not realized.
TESTED 06 Jul 2025
Copyright © 2014-2025 ACE4Sure. All Rights Reserved