Assignment:
Q1. What is the difference between a municipal tax-backed bond and a municipal revenue bond?
Q2. a. Why is the cash flow of a residential mortgage loan unknown?
b. In what sense has the investor in a residential mortgage loan granted the borrower (homeowner) a loan similar to a callable bond?
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.