Steve wants to invest in five-year bonds and wishes to avoid federal income taxes on his gains. which bonds will most likely meet his investment needs?
select the best answer from the choices provided.
a tips
b municipal bonds
c fixed-rate treasury bonds
d zero coupon bonds

On the first day of the fiscal year, a company issues an $7,500,000, 8%, five-year bond that pays semiannual interest of $300,000 ($7,500,000 × 8% × ½), receiving cash of $7,740,000. journalize the first interest payment and the amortization of the related bond premium. round to the nearest dollar. if an amount box does not require an entry, leave it blank.