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Practical Investment Management by Robert.A.Strong Slides ch21
Practical Investment Management by Robert.A.Strong Slides ch21
INVESTMENT COMPANIES
Information Sources
Company Information
Commercial Services
Information Sources
Company Information
Commercial Services
Municipal securities
Interest on a municipal bond is exempt
from federal tax.
An in-state municipal bond is not
subject to state income tax.
Treasury Securities
Treasury security interest is exempt from
state and local income taxes.
Preferred Stock:
Most preferred stock owned by other
corporations
Corporations can avoid paying taxes on 70%
of their dividend income from portfolio
investments
Dividend
Price =
Rate of Return