Question: A municipal bond issue has a serial component when: a. holders of the bonds must report the serial numbers of the bonds to the Internal

A municipal bond issue has a serial component when:

a. holders of the bonds must report the serial numbers of the bonds to the Internal Revenue Service (also called registered bonds).

b. tax revenues are pledged for repayment.

c. the issue has bonds of varying terms to maturity.

d. only a single coupon rate will be paid.

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