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Department of Health and Human Services, Centers for Disease Control and Prevention, National Center for Chronic Disease Prevention and Health Promotion, Office on Smoking and Health (2012) Preventing Tobacco Use Among Youth and Young Adults: A Report of the Surgeon General
Due to this, Altria is now trading at a price-to-earnings ratio of 11.0, which is lower than its 10-year average in the mid-teens
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Bond Overview Purpose: To guarantee payment for local taxes owed on tobacco and vapor products Who Needs It: Tobacco-related businesses including distributors, manufacturers, wholesalers, importers and retailers in various states Required Amount: Varies based on the bond type and/or tax liability Premium Rates: Typically 15% of the total bond amount Read on to learn more about how tobacco tax bonds work at the federal, state and local levels
