Series 7 - General Securities Representative Exam
Training Mode
Which of the following describes refunding in a bond issue?
When the issuer issues new bonds with attached warrants
A
When the issuer prefers to write LTGOs versus GOs
B
When the issuer pays off old bonds with proceeds from new bonds
C
Using IRDBs to offset some of the risk (but not all) of an existing Special Assessment bond issue
D