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FINRA Series 7

Category - Series 7

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When pricing callable municipal bonds, the “price to call” is based upon which of the following?

in-whole calls
partial calls
sinking fund calls
catastrophe calls

Explanation

Answer: A - in-whole calls. Price to call computations are based upon in-whole calls only. These calls will result in all bondholders being called simultaneously, thus guaranteeing a minimum yield to all.

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FINRA Series 7

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FINRA Series 7

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