Answers Backed by the assets of another company Issued by a corporation in bankruptcy Mainly issued by transportation companies Backed by stocks and bonds owned by the tompany uestion 62 If a municipal bond is advance refunded, which of the following are true? 1. the issuer has called the bonds All the issuer has improved the marketability and quality of the bonds MII. the issuer has enough money in its sinking fund to pay off its outstanding debt IV. the bonds is quoted according to yield-to-maturity Selected Answer 1 & 11! Answers: 1 & IV II & III 1 & II Il & TV Question 63 A Regulation A Tier I offering is an offering of up to Selected Answer: $20,000,000 Answers: $20,000,000