Series 7 - General Securities Representative Exam

Training Mode

Unit 1 Unit 2 Unit 3 Unit 4

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