Which of the below statements is FALSE?
A) Examples of revenue bonds include: airport revenue bonds, college and university revenue bonds, hospital revenue bonds, and single-family mortgage revenue bonds.
B) The escrow fund for a prerefunded municipal bond can be structured so that the bonds to be refunded are to be called at the first possible call date or a subsequent call date established in the original bond indenture.
C) Insurance on a municipal bond is an agreement by the government to pay the bondholder any bond principal and/or coupon interest that is due on a stated maturity date but that has not been paid by the bond issuer.
D) None of these
Correct Answer:
Verified
Q7: Municipal securities are issued for various purposes
Q8: _ are issued in anticipation of the
Q9: States and local governments can issue bonds
Q10: From an investor's perspective, the attractiveness of
Q11: One concern about the credit risk of
Q13: To evaluate general obligation bonds, the commercial
Q14: Municipal securities are issued _.
A) by state
Q15: Besides tax-backed debt, the other basic type
Q16: One category of investors dominating the municipal
Q17: Because a _ requires legislative approval to
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