A client has had an unanticipated event which has depleted his emergency reserves. He needs an additional
Question:
A client has had an unanticipated event which has depleted his emergency reserves. He needs an additional $10,000 and has to sell one of his municipal bonds. The following bonds have similar ratings and coupons. Which one would you advise the client to sell?
A. Board of Education bond (GO/no insurance).
B. City infrastructure bond (GO/no insurance).
C. Hospital bond (revenue/no insurance).
D. Toll road bond (revenue/MBIA).
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I advise selling the Hospital bond revenueno insurance Municipal bonds are generally considered safe ...View the full answer
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Related Book For 
Essentials Of Personal Financial Planning
ISBN: 9781945498237
1st Edition
Authors: Susan M. Tillery, Thomas N. Tillery
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