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A municipal bond, commonly known as a muni, is a bond issued by state or local governments, or entities they create such as authorities and special districts. In the United States, interest income received by holders of municipal bonds is often, but not always, exempt from federal and state income taxation.
EMMA provides free on-line access to centralized new issue municipal securities disclosure documents (known as official statements), [1] on-going continuing disclosures for all municipal securities, [1] escrow deposit agreements for advance refundings (i.e., refinancings) of outstanding bonds, [2] real-time municipal bond trade price ...
Consider adding these municipal bond funds to your ... Imagine you’re a high earner with a federal income tax rate of 37 percent and a state tax rate of 7 percent. ... Savings interest rates ...
For example, let’s say you pay a 32 percent federal rate and an 8 percent state rate. The same 3 percent muni bond now has a tax-equivalent yield of 5 percent. In general, a taxable bond would ...
A corporate bond has a coupon rate of 7.2% and pays 4 times a year, on 15 January, April, July, and October. It uses the 30/360 US day count convention. A trade for 1,000 par value of the bond settles on January 25. The prior coupon date was January 15. The accrued interest reflects ten days' interest, or $2.00 = (7.2% of $1,000 * (10 days/360 ...
The post Municipal Bonds vs. Corporate Bonds appeared first on SmartReads by SmartAsset. While both municipal and corporate bonds can generate consistent income, they are distinct in several ways ...
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