Quiz Ch 30 – Characteristics of Municipal Variable Rate Demand Note (VRDN)

Principles of Corporate Finance

Brealey, Myers, and Allen

13th Edition

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Which statements accurately describe a municipal variable rate demand note (VRDN)?

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  • Search Terms: a) (vrdn) .i) .ii) .iii) .iv) a and at back be demand face has i i, ii ii, iii iii, interest is issuer iv level linked long-term may municipal note of only b) only c) only d) payments periodically rate rates; security; short-term sold tax-exempt the to value; variable
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