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A municipal bond underwriter performs what function? a. purchases bonds from the municipal issuer for sale to investors. b. evaluates projects proposed for city expenditures.

A municipal bond underwriter performs what function?

a. purchases bonds from the municipal issuer for sale to investors.

b. evaluates projects proposed for city expenditures.

c. guarantees that municipal borrowers make principal or interest payments on schedule.

d. none of the above.

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