Congratulations to Jessi B., this month’s Study Question of the Month winner!
This month’s study question from the Solomon Online Exam Simulator question database is now available!
***Submit your answer to info@solomonexamprep.com to be entered to win a $10 Starbucks gift card.***
Question (Relevant to the Series 50): Charles lives in Concord, New Hampshire, and buys a bond issued by that city. What is most likely true of this bond?
Answers:
A. It is an AMT bond
B. It is a GO bond
C. It is a special tax bond
D. It is a triple tax-free bond
Answer: D. It is a triple tax-free bond.
Rationale: Because Charles lives in the municipality that issued the bond, the bond will be tax-exempt at the federal, state, and local level, hence the name “triple tax-free.”
***Submit your answer to info@solomonexamprep.com to be entered to win a $10 Starbucks gift card.***