What is the credit risk associated with the bonds

Assignment Help Management Theories

Reference no: EM131779291

Question: The four largest tobacco companies in the United States reached a settlement with 46 state attorneys general to pay a total of $206 billion over the following 25 years.

a. States and municipalities, New York City being the first, sold bonds backed by the future payments of the tobacco companies. What are these bonds called?

b. What is the credit risk associated with these bonds?

Reference no: EM131779291

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