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Question
Which of the following uses of proceeds from private activity bonds will most likely qualify those bonds as federally tax-exempt?I. public airport runway
II. baseball stadium
III. multifamily housing project
IV. mass rail transit
A. I and II only
B. I and III only
C. II and III only
D. II and IV only
E. I, III, and IV only
Answer
This answer is hidden. It contains 16 characters.
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