Curiosity and discount arc deep human urges which work together to ______ all human discovery and achievement.

A．pay interest at short-term rates and yield at long-term rates
B．widen the spreads between AMT and non-AMT issues to profit themselves
C．include bonds subject to AMT in their portfolios to make yield advantage
D．narrow the average discount level until below net asset value

A．factors in the tax savings and the munis enjoyed a yield advantage for them
B．municipal bonds could only be sold to those in the higher tax brackets
C．a tax savings stands for a smaller yield on their investment as an exchange
D．they could profit more from choosing the munis than a tax savings