A syndicate manager has just been informed that its bid has been accepted and all syndicate members are duly notified. Public information on the award will be most quickly available from:
Answer(s): D
Munifacts. This is a wire service provided by the daily Bond Buyer. It displays information on municipal traders, underwriters, and other participants in the fixed income markets.
Under what circumstances may a municipal securities dealer guarantee a customer against loss in market value of bonds?
Answer(s): A
under no circumstances. No guarantees may be made against loss of market value because no one can guarantee the direction of the market. Insured bonds are protected against loss of principal and interest but not against market value depreciation.
When pricing callable municipal bonds, the “price to call” is based upon which of the following?
in-whole calls. Price to call computations are based upon in-whole calls only. These calls will result in all bondholders being called simultaneously, thus guaranteeing a minimum yield to all.
Feasibility studies and engineering surveys are most necessary prior to which of the following new offerings?
Answer(s): C
revenue bonds. The security for a revenue bond depends on the revenue produced by the specific facility. Engineering estimates of constructions costs and potential traffic flow are critical.
Which of the information below does not appear in the official notice of sale?
the names of the underwriting syndicate members. At the time the notice of sale is published, the syndicate has generally not been formed. All the other information is required.
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