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These tax-exempt bonds are typically issued by municipal, county or state governments, whose interest payments are not subject to federal income tax, and sometimes also state or local income tax.

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Selling short is borrowing a security from a broker and selling it, with the understanding that it must later be bought back (hopefully at a lower price) and returned to the broker.

SEC rules allow investors to sell short only on an uptick or a zero-plus tick, to prevent "pool operators" from driving down a stock price through heavy short-selling, then buying the shares for a large profit.

For example, if a company decides to give its current shareholders 2 shares for every 1 share that they currently own, each shareholder's proportion of ownership in the company won't change .

There are no tax consequences when a stock split occurs, but you should be aware of pre-split and post-split prices for tax calculations of determining gains/losses.

Bonds can be divided into two types, taxable and tax-exempt.