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In the municipal bond market, which of the following is most accurate about revenue bonds? Multiple Choice They are sold to finance a particular project
In the municipal bond market, which of the following is most accurate about revenue bonds?
Multiple Choice
- They are sold to finance a particular project and the revenue from that project will pay off the bond.
- They are a perpetuity in that they produce a constant stream of revenue forever.
- They are taxable by the local municipality that issued them and thus produce more revenue for the municipality.
- They are backed by the tax revenue of the issuing municipality.
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