Multiple Choice
Your hometown is looking to build a new multi purpose stadium for the local semi pro soccer team. Proceeds from ticket sales go directly to the city. In order to fund the stadium, the city has decided to issue bonds. The bonds can be best classified as a ________ bond.
A) mutual, general obligation
B) municipal, secured
C) callable, revenue
D) municipal, revenue
E) treasury, callable
Correct Answer:
Verified
Correct Answer:
Verified
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