22. Insured Municipal Bonds (LO3, CFA2) Which one of the following generally is not true of an...

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22. Insured Municipal Bonds (LO3, CFA2) Which one of the following generally is not true of an insured municipal bond?

a. The price on an insured bond is higher than that on an otherwise identical uninsured bond.

b. The insurance can be canceled in the event the issuer fails to maintain predetermined quality standards.

c. The insurance premium is a one-time payment made at the time of issuance.

d. The insurance company is obligated to make all defaulted principal and/or interest payments in a prompt and timely fashion.

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Fundamentals Of Investments Valuation And Management

ISBN: 9781260013979

9th Edition

Authors: Bradford Jordan, Thomas Miller, Steve Dolvin

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Question Posted: Jul 25, 2024 08:06 AM

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22. Insured Municipal Bonds (LO3, CFA2) Which one of the following generally is not true of an...

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Fundamentals Of Investments Valuation And Management

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