MBD-2474B-A NOV 2009
Issuer Name: Newport Oregon Today’s Date: 04/17/2011 Coupon Rate Maturity Date Price Yield to Maturity (YTM)1 Call Feature2 Yield to Call (YTC)1 Estimated Taxable equivalent Yield3 Rating (if applicable) Insurance (if applicable) Subject to AMT Original Issue Discount (OID)
5.5% 01/01/2041 $101.8 5.5% 1/01/2021 @ $5.5 n/a
TAX-FREE MUNICIPAL BONDS
Description: Municipal bonds are xed-income investments issued by villages, cities, counties, states, state agencies or special districts. There are two main kinds of municipal bonds: general obligation bonds and revenue bonds. Objective: To provide income that is free from federal income tax and, in some cases, state and local income tax. Suitability: These securities are appropriate as income investments as part of a diversi ed portfolio. Regular Income: Municipal bonds o er a xed rate of interest that is usually payable twice a year. Tax Advantages: The interest earned from municipal bonds is free from federal income tax and, in some cases, state and local taxes. May be subject to alternative minimum tax (AMT). Marketability: A municipal bond may be sold on any business day at its current market value. This value may be more than, less than or equal to the amount invested.
Safety: Tax-free bonds are secured by the taxing power of the issuing municipality or by the revenue from a nanced project. In addition, tax-free bonds may be insured, but your investment decision should be based on a number of factors, including underlying ratings, rather than the insurance.4 Investment Amount: $5,000 minimum and in increments of $5,000 thereafter.
S&P: A+ No No No
1 The above information is representative of the terms available on these securities on the date this report was prepared. These speci c securities may not be available through Edward Jones because of a lack of availability or other market conditions; however, similarly rated securities...