Which Two of the Following Are the Principle Means by Which

question 55

Multiple Choice

Which two of the following are the principle means by which a municipality can avoid a lump-sum principal repayment on a single maturity date?
I. issue only zero-coupon bonds
II. issue serial bonds
III. issue term bonds with a sinking fund provision
IV. issue only variable-rate notes

• A) I and II only
• B) I and III only
• C) II and III only
• D) II and IV only
• E) III and IV only

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Definitions:

Disillusioned

The feeling of disappointment arising from the discovery that something is not as good as one believed it to be.

Sidetracked

Deviation from the main issue, topic, or task at hand.

Disillusionment

A feeling of disappointment arising from the discovery that something is not as good as one believed it to be.

Internship Stage

A period or phase in professional development where individuals gain practical experience in their field of study through temporary work assignments.