Shoma is thinking about buying a municipal bond. She notices some are revenue bonds, whereas others are
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Shoma is thinking about buying a municipal bond. She notices some are revenue bonds, whereas others are general obligation bonds, but she does not understand what these are. How would you explain this to Shoma?
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The bonds issued by state and local governments are called municipal or m...View the full answer
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Related Book For 
Money, Banking, Financial Markets and Institutions
ISBN: 978-0538748575
1st edition
Authors: Michael Brandl
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