1. A _____________ are securities issued by local, county, and state governments where the proceeds from these bonds are used to finance public interest projects such as schools, fire trucks, and transportation systems.
   1. Municipal Bonds.
   2. Treasury Bonds.
   3. Corporate Bonds.
   4. Zero coupon Bonds.
2. The risk o fan investor being unable to reinvest cash flows (e.g. coupon payment from a bond) at a rate comparable to their current rate of return is known as ___________.
   1. Duration.
   2. Compounding.
   3. Reinvestment Rate Risk.
   4. Price Risk.