Was the Tax-Exempt Bond Market Inefficient or Were Future Expected Tax Rates Negative?

• 1 September 1988
• journal article
• Published by JSTOR in The Journal of Finance
• Vol. 43  (4) , 913-931
• https://doi.org/10.2307/2328143

Abstract

Keywords

• MUNICIPAL BONDS
• FORWARD TAX
• ARBITRAGE
• TAX RATES
• TAXABLE
• PROFIT
• EXEMPT