Celestila Moonn, a GLBAAF 301 student at UMB, made the following statements municipal bonds and...
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Celestila Moonn, a GLBAAF 301 student at UMB, made the following statements municipal bonds and euro bonds. Statement 7: Bonds rated below Baa by Moody's or BBB by S\&P are junk bonds Statement 8: General Obligation (GO) and Revenue bonds are bonds issued by state or local municipalities. GOs are backed by the full revenue stream of the municipality. Is Moon correct with respect to statements 7 and 8 ? A. Yes, both statements 7 and 8 are correct B. No, both statements 7 and 8 are incorrect. C. Yes, for statement 7 and no for statement 8
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