Series 7 - General Securities Representative Exam
What is limited in an LTGO?
The coterminous aspect of the offeringA
The maximum interest rate that an investor can receive on a particular issueB
The type of tax that backs the particular bond issueC
The number of syndicate members offering the issuer per MSRB rulesD
In an LTGO (Limited Tax General Obligation) Bond, the type of tax that can be used for the issue is limited. It is usually are particular tax (for example a tourism tax). They are not backed by all taxes within the municipality