EBK CORPORATE FINANCE
EBK CORPORATE FINANCE
4th Edition
ISBN: 8220103164535
Author: DeMarzo
Publisher: PEARSON
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Chapter 24.2, Problem 2CC
Summary Introduction

To discuss: The distinguishing characteristic of municipal bonds.

Introduction: A municipal bond is a debt security which is issued by the municipality, state, or country to finance its capital expenditure. A municipal bond is structured in different ways to offer various benefits, risk, and tax exemption.

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