Tax Rule Blindsides Discount Buyers With Unexpected Costs

Fine, Jacob
August 2003
Bond Buyer;8/13/2003, Vol. 345 Issue 31698, p1
Trade Publication
Reports on the impact of a rise in interest rates on sale of bonds and its implications to investors in the U.S. as of August 13, 2003. Percent rise in interest rates; Taxation rules related to the purchase of municipal bonds at a discount; Efforts made by financial firms to promote greater understanding of the market discount rules.


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