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Which of the following statements about are true about municipal bonds? (Select all that apply;...

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Which of the following statements about are true about municipal bonds? (Select all that apply; 3 of the answers below are correct.) Reference: Textbook, Chapter 6 Municipal bonds are typically issued in denominations of $100 in order to make them accessible to individual investors. A municipal bond sold to finance a specific revenue-generting project and backed by cash flows from that project are called "Revenue Bonds". A municipal bond backed by the full faith & credit of the issuer is called a "General Obligtion Bond". Interest payments on municipal bonds are exempt from federal income taxes and most state & local income taxes Municipal bonds can only be held by "accredited investors" with assets of $1m or more. There is NO secondary market for municipal bonds; they can only be bought from the issuer and must be held to maturity after being purchased. Municipal bonds can typically be exchanged for stock in the underlying issuer at the discretion of the bond holder

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