I am sick of this, but it is necessary. And it is only necessary if it is necessary. It is. So onward.
Chapter 10. Funny, I am enjoying these chapters on munis, but am testing horribly. IDKY. In other news, my cousin's wife was on Oprah's 25th Farewell Season Favorite Christmas things. She won all kinds of stuff.
Missed 7, scored 8/15. #4, 6, 8, 9, 11, 12, 14.
muni is building a new bridge, so study will be commissioned and the cost of projec needs determined. i said those and muni needs a referendum vote b4 issuing bonds, which is not the case since it is a project and not a GO bond. GO bonds are backed by taxes, which wuld require tax payer vote.
notice of sale has amt, type of taxes backing bond type of bond. no int rate since this is yet TBD during biding process.
writing the scale question i had no idea what that even was so i guessed, but the right answer is assessing market demand for the bond.
lead u/w for a muni u/w synd are considered the syn mgr, make all invstmnt choices, chose the synd members and make a mgmt fee on each bond sold.
management fee vs. takedown fee. still struggling w/this concept.
synd mgrs are responsible for announcing synd's winning bid, closing the books on the sld-out issue, paying synd members there share of the spread, making sure any 1 cust didn't purchase 2 many bonds. not responsible for making a market.
firm offers are the types of quotes a muni bond dealer will make to buy or sell.
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General Sales in securities or the series 10 is a good option for those who are looking for it.
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