In my opinion, the yield on tax-exempt bond is usually lower than those typical bonds. Tax-exempt endowment fund can't get the maximum benifit from such investment.
The investment office of my university doesn't take munis into consideration at all.
[此贴子已经被作者于2009-3-10 0:03:32编辑过] | 
发表于 2009-3-10 00:01
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