1. When the Grand Island Bridges were built, the NYS Thruway authority issued bonds to finance the bridge cost. The coupon and principal payments on the bonds were to be made by the tolls collected by motorists. These bonds are an example of a. general obligation bonds b. limited tax general obligation bonds -c.revenue bonds d. revenue anticipation notes 2. What is true about municipal bonds? a. they default at a much lower rate than corporate bonds b. they are risk free and guaranteed by the US Government - c. the interest they pay is usually free from state and local taxes d. they offer a higher yield to maturity than corporate bonds 3. An investor in the 35% tax bracket is evaluating a municipal security with a yield of 4%. What is this bonds equivalent taxable yield? a. 2.6% b. 5.4% 06.15% d. 4.35% 4. A corporate debenture: a. is secured by an interest in real estate b. is not secured by any collateral c. receives first priority to the collateral in the event of a bankruptcy d. is subordinate to the claims of senior creditors in a bankruptcy