Seeing is believing!

Before you order, simply sign up for a free user account and in seconds you'll be experiencing the best in CFA exam preparation.

Basic Question 4 of 4

When assessing the credit risk of tax-backed municipal bonds, an analyst should consider the following factors ______.

I. the issuer's debt structure
II. the issuer's budgetary policy
III. flow of funds structure
IV. the issuer's political discipline

User Contributed Comments 2

User Comment
danlan2 IV=Local tax and intergouvernmental policy?
praj24 Lol these questions, I just relate to the Greek drama.
You need to log in first to add your comment.
Your review questions and global ranking system were so helpful.
Lina

Lina

Learning Outcome Statements

contrast the issuance and trading of government and corporate fixed-income instruments

CFA® 2025 Level I Curriculum, Volume 4, Module 5.