Which municipal bond is riskier for the investor? O the muni-bond issuer's general obligation bonds the muni-bond issuer's revenue bonds

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter13: Long-term Liabilities
Section: Chapter Questions
Problem 2MC: A debenture is ________. A. the interest paid on a bond B. a type of bond that can be sold back to...
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Question 38
Which municipal bond is riskier for the investor?
O the muni-bond issuer's general obligation bonds
O the muni-bond issuer's revenue bonds
Transcribed Image Text:Question 38 Which municipal bond is riskier for the investor? O the muni-bond issuer's general obligation bonds O the muni-bond issuer's revenue bonds
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