Word: multifund
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...most underrated investment: preferred shares of closed-end municipal-bond funds. The dividends on these shares, available from firms such as Nuveen, Merrill Lynch and Morgan Stanley, are generally exempt from federal income tax and some states' income tax as well. For more details, go to etfconnect.com and under MULTIFUND SEARCH, choose PREFERREDS and select FIXED INCOME--MUNICIPAL...
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