A general obligation bond is said to be double-barreled when it is secured by:
A) The issuer's general taxing power.
B) Certain identified fees, grants, and special charges provide additional revenues from outside the general fund.
C) A specified number of fixed assets.
D) a and b only.
E) All of the above.
Correct Answer:
Verified
Q10: Most states mandate that general obligation issues
Q11: Usually, state and local governments require a
Q12: Municipal bonds are traded in the:
A) Over-the-counter
Q13: Municipal bonds are generally traded and quoted
Q14: Congress has specifically exempted municipal securities from:
A)
Q16: If the escrow is properly structured, prerefunded
Q17: Revenue bonds are debt obligations of municipalities
Q18: A serial maturity structure requires that a
Q19: Commercial rating companies evaluate the credit risk
Q20: Antifraud provisions apply to offerings of municipal
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