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James Volley, CFA, is evaluating a number of municipal bonds. One of the revenue bonds on his list is marked as "prercfunded." When Volley asks his assistant about the bonds, the assistant tells him that the collateral behind the bonds is a portfolio of U.S. government securities, and that, therefore, these bonds have "less credit risk than insured municipal bonds." Which of the following statements regarding these bonds is most accurate"?
A. The bonds do indeed have less credit risk than insured municipal bonds.
B. Only general obligation bonds can be prerefunded, not revenue bonds.
C. Prerefunded bonds are secured by a cash escrow account, not by US government securities.
Answer: A
NEW QUESTION: 2
This question requires that you evaluate the underlined text to determine if it is correct.
Office Online is a benefit that is only available through Software Assurance (SA).
Review the underlined text. If it makes the statement correct select "No change is needed." If the statement is incorrect, select the answer choice that makes the statement correct.
A. Downgrade rights
B. Re-imaging rights
C. Rights to purchase Step-up licenses
D. No change is needed.
Answer: C
Explanation:
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* Key benefits of Software Assurance include:
/ Rights to new software releases during the term of your agreement at no additional cost
/ Planning Services to enable efficient deployments
/ In-person and online training for IT pros and end users
/ Access to unique technologies available only to Software Assurance customers
/ Ways to spread payments over time
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Which methods can modify the interface cost of OSPF? (Multiple choice)
A. In the ospf view, run the bandwidth-reference
B. In the ospf view, run the interface cost command.
C. In the interface view, run the bandwidth-reference command.
D. In the interface view, run the ospf cost command.
Answer: A,D
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