Which municipal bond is backed primarily by the taxing power of the issuer?

1. AA revenue bond
2. BAn industrial development bond backed only by project revenue
3. CA collateral trust note
4. DA general obligation bond✓ Correct answer

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• Which municipal bond is most likely to expose the investor to the alternative minimum tax?
• Interest on Treasury securities is:
• When market interest rates rise sharply, outstanding bond prices generally:
• A 4% corporate bond quoted at 980 has a current yield closest to: