Assignment:
Q1. How do investors gauge the default risk of a bond issue?
Q2. Why is the maturity of an amortizing bond not a useful measure?
Q3. Explain why you agree or disagree with the following statements:
a. “All municipal bonds are exempt from federal income taxes.”
b. “All municipal bonds are exempt from state and local taxes.”
Your answer must be, typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format and also include references.