1. A general obligation municipal bond:

a. generally has a lower pre-tax yield than a corporate bond of similar default risk

b. is backed by the U.S. Government

c. is generally riskier than a revenue bond

d. is free of default risk

2. Bonds that make periodic coupon interest payments:

a. are tax free

b. no longer are issued

c. are often issued by the U.S. government

d. are always issued at a discount to par

1. The coupon interest rate on a typical Treasury bond traded in the secondary market:

a. is capped at 10% by law

b. can be higher or lower than the current market interest rate

c. changes frequently

d. adjusts for changes in the market interest rates