Study Question of the Month – June 2016

This month’s study question from the Solomon Online Exam Simulator question database is now available! Relevant to the Series 50. ***Submit your answer to info@solomonexamprep.com to be entered to win a $10 Starbucks gift card.*** Continue reading

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.***

Study Question

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.***

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