A bond issued by a local government authority, typically without an explicit funding commitment from the national

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A bond issued by a local government authority, typically without an explicit funding commitment from the national government, is most likely classified as a: 

A. Sovereign bond.

B. Quasi-government bond

C. Non-sovereign government bond.

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Fixed Income Analysis

ISBN: 9781119850540

5th Edition

Authors: Barbara S. Petitt

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