18. The four largest tobacco companies in the United States reached a settlement with 46 state attorney
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18. The four largest tobacco companies in the United States reached a settlement with 46 state attorney generals to pay a total of $206 billion over the following 25 years. States and municipalities, New York City being the first, sold bonds backed by the future payments of tobacco companies. What are these bonds called?
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Foundations Of Global Financial Markets And Institutions
ISBN: 9780262039543
5th Edition
Authors: Frank J. Fabozzi, Frank J. Jones, Francesco A. Fabozzi, Steven V. Mann
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