An insured municipal bond bears a lower cost to the, Ask an Expert

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An insured municipal bond bears a lower cost to the borrower than does an equivalent uninsured bond because?

A) the insurer pledges its resources to payment of debt service, if necessary.

B) only highest rated (AAA) bonds can obtain insurance.

C) term structures of interest rates vary.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92721917

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