Explain and distinguish between general obligation bonds and Puerto Rico sales tax bonds. Argue the interaction between the concepts of financial severity, frequency, and severity in the risk management process.  Please note the following:

The essay should have a header or title page that includes the name of the institution, the program, the course code, the title of the activity, your name and student number, and the date the paper is due. Your assignment should be no less than 450 words in length. Must include at least 2 academic sources and must be cited in accordance with current APA standards.