In the municipal bond market, an odd lot of bonds is ________ or less in par value for retail investors. For institutions, anything below ________ in par value is considered an odd lot.

Question

Quizplus · Accepted Answer

In the municipal bond market, an odd lot of bonds is typically $25,000 or less in par value for retail investors. For institutions, anything below $100,000 in par value is considered an odd lot. Therefore, choice B is the correct answer.

In the Municipal Bond Market, an Odd Lot of Bonds