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FINRA Series 7

Category - Series 7

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Feasibility studies and engineering surveys are most necessary prior to which of the following new offerings?

general obligation bonds
limited tax bonds
revenue bonds
corporate debentures

Explanation

Answer: C - revenue bonds. The security for a revenue bond depends on the revenue produced by the specific facility. Engineering estimates of constructions costs and potential traffic flow are critical.

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FINRA Series 7

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FINRA Series 7

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