Why would a municipal bond issuer want to purchase third-party insurance on the bond payments?

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Financial Markets and Institutions

ISBN: 978-0077861667

6th edition

Authors: Anthony Saunders, Marcia Cornett

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Question Posted: Jan 27, 2015 08:34 AM

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Why would a municipal bond issuer want to purchase third-party insurance on the bond payments?

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Bond insurance ensures payment to bondholders in t...View the full answer

Financial Markets and Institutions

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