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(a) determine whether the bond is taxable or tax free. Which bond is it?
(b) determine if the broker has taken into account this premium in regards to the basis of the bond.Essential it is an adjustment to the cost of bond for it's higher interest rate.
(a) determine whether the bond is taxable or tax free. Which bond is it?
(b) determine if the broker has taken into account this premium in regards to the basis of the bond.Essential it is an adjustment to the cost of bond for it's higher interest rate.
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