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Question 13 Which of the following is true regarding competitive versus negotiated municipal offerings: a. Use of a bond advisor is limited to negotiated deals.

Question 13

Which of the following is true regarding competitive versus negotiated municipal offerings:

a. Use of a bond advisor is limited to negotiated deals.

b. Most of the deals are competitive.

c. I equated competitive versus negotiated with nature versus nurture.

d. Underwriters are more likely to hold pieces in their own inventory if competitive route.

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