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Gil Tabor, CFA, and Jan Sills, CFA, are discussing how the choice of account type affects investment risk and the amount of that risk borne by the government via taxes. Tabor says that the government bears some of the tax risk in a tax-exempt account. Sills says the government bears some of the risk in a tax-deferred account before withdrawals occur. With respect to these assertions: A. both Tabor and Sills are correct. B. Tabor is correct and Sills is incorrect. C. both Tabor and Sills are incorrect. |