Answer the below questions. (a) What is a prerefunded bond? (b) Why does a properly structured prerefunded

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Answer the below questions.
(a) What is a prerefunded bond?
(b) Why does a properly structured prerefunded municipal bond have no credit risk?

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Bond Markets Analysis and Strategies

ISBN: 978-0133796773

9th edition

Authors: Frank J.Fabozzi

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Question Posted: Aug 22, 2015 07:31 AM

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Answer the below questions. (a) What is a prerefunded bond? (b) Why does a properly structured prerefunded

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a The escrow fund for a refunded municipal bond can be structured so ...View the full answer

Bond Markets Analysis and Strategies

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