A city may choose to purchase municipal bond insurancea to, Ask an Expert

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A city may choose to purchase municipal bond insurance:

a. to make certain that it actually recieves proceeds of the bond sale.

b. to allow it to sell its bonds at a lower net interest cost.

c. to allow it to escape restrictive clauses in state constitutions.

d. to allow its bond holders to exclude interest from their federal income tax reports.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91802649

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