Sovereign bonds are best described as: A. Bonds issued by local governments. B. Secured obligations of a

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Sovereign bonds are best described as:

A. Bonds issued by local governments.

B. Secured obligations of a national government.

C. Bonds backed by the taxing authority of a national government.

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Fixed Income Analysis

ISBN: 9781119850540

5th Edition

Authors: Barbara S. Petitt

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