Which of the Following Statements Is True

Which of the following statements is true?

A) Interest payments paid to U.S. Treasury bondholders are not taxed at the federal level.
B) Interest payments paid to corporate bondholders are not taxed at the federal level.
C) Interest payments paid to corporate bondholders are not taxed at the state level.
D) Interest payments paid to municipal bondholders are not taxed at the federal level, or by the state for which the bond is issued.

Correct Answer:

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