Purchase municipal bond insurance

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Reference no: EM131075808

A city may choose to purchase municipal bond insurance:

a. to make certain that it actually recieves proceeds of the bond sale.

b. to allow it to sell its bonds at a lower net interest cost.

c. to allow it to escape restrictive clauses in state constitutions.

d. to allow its bond holders to exclude interest from their federal income tax reports.

Reference no: EM131075808

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