Which of the following does not appear in a municipal syndicate letter to underwriters?
Answer(s): A
the specific bid and offering terms of the issue. The bid and offering terms are determined after the syndicate letter to underwriters.
Which of the following sources provides news of prospective municipal securities sales to underwriters?
Answer(s): B
the daily Bond Buyer. News is covered in the daily Bond Buyer as well as Munifacts, which is operated by the daily Bond Buyer. The Blue List shows only current offerings, not prospective ones.
Under a leaseback arrangement used to finance construction of local schools, who is the issuer of the municipal bonds?
Answer(s): C
a legal authority created for this purpose. Bonds with a leaseback arrangement are issued by a specially created entity.
Who obtains and pays the municipal bond attorney rendering a legal opinion about the validity of the bond issue?
the issuing municipality. The issuer pays for the attorney.
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