a. What is a prerefunded bond? b. Identify two reasons why an issuing municipality would want to
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a. What is a prerefunded bond?
b. Identify two reasons why an issuing municipality would want to pre-refund an outstanding bond.
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a A prerefunded bond is a municipal bond where the proceeds from the issuance of new bonds are used ...View the full answer
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Related Book For
Foundations Of Financial Markets And Institutions
ISBN: 9780136135319
4th Edition
Authors: Frank J Fabozzi, Franco G Modigliani, Frank J Jones
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a. What is a prerefunded bond? b. Identify two reasons why an issuing municipality would want to prerefund an outstanding bond.
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