Most municipal bonds are revenue bonds rather than general obligation bonds.
举一反三
- (I) Prices of longer-maturity bonds respond more dramatically to changes in interest rates. (II) Prices and returns for long-term bonds are less volatile than those for short-term bonds.
- (I) Prices of longer-maturity bonds respond less dramatically to changes in interest rates. (II) Prices and returns for long-term bonds are less volatile than those for shorter-term bonds.
- When a municipal bond is given tax-free status, the demand for Treasury bonds shifts _________, and the interest rate on Treasury bonds _________
- Ionic interactions and hydrogen bonds are variable in strength, depending on the polarity of the solvent and the alignment of the hydrogen-bonded atoms, but they are always significantly weaker than covalent bonds.
- Debentures are long-term unsecured bonds that are backed only by the general creditworthiness of the issuer.