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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Foundations Of Financial Markets And Institutions

ISBN: 9780136135319

4th Edition

Authors: Frank J Fabozzi, Franco G Modigliani, Frank J Jones

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