For years, observers and analysts of the debt market believed that municipal securities were free of any
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For years, observers and analysts of the debt market believed that municipal securities were free of any risk of default. Why do most people now believe that municipal debt can carry a substantial amount of credit or default risk?
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The perception that municipal securities were free of default risk stemmed from several factors Historical Data Municipal bond defaults were relativel...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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