Quiz Ch 06 – Understanding Municipal Bonds
Essentials of Corporate Finance
Ross, Westerfield, and Jordan
10th Edition
What are the characteristics of municipal bonds?
What are the characteristics of municipal bonds?
Which factor is taken into account when calculating a real rate of return in finance?
In the Treasury yield curve, the yields on Treasury notes and bonds are plotted in relation to which characteristic of those securities?
What does a call provision grant to the bond issuer?
What is the term used to describe the written agreement that includes the specific details of a bond issue?
What is the term used to describe the ratio of a bond’s annual interest payment to its face value?
With a make-whole call provision in a bond, which statement is true?
What is the main purpose of protective covenants in bonds?
Which premium is designed to compensate bondholders when a bond is not easily tradable at its full value?
What is the term used to refer to an account managed by a bond trustee specifically for the early redemption of bonds?