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miskamm [114]
3 years ago
14

All of the following would be found in a bond resolution for a new municipal issue except A) the issuer's obligations to bondhol

ders. B) covenants to which the issuer must adhere. C) the costs to be incurred by the issuer in connection with the offering. D) a description of the issue.
Business
1 answer:
lys-0071 [83]3 years ago
6 0

Answer:

C) the costs to be incurred by the issuer in connection with the offering.

Explanation:

The bond resolution (or the bond contract) spells out the characteristics of the issue (maturities, call features, etc.), the issuer's responsibilities to bondholders, and any restrictive covenants to which the issuer must adhere. Costs to be incurred by the issuer have no impact on bondholders.

hope this helps have a nice day :)

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