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1.
Bond analysts study the _______of a project so that the project's ability to repay bondholders can be evaluated.
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Cash flow. Studying cash flow helps a bond analyst determine revenues.
2.
Revenue bonds that include backing by a municipality's credit are called _______.
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Double-barreled bonds. They receive collateral from a double source; thus the name.
3.
Revenue bondholders are the first to receive a municipal project's earnings.
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False. Operations expenses are paid first. Revenue bondholders are paid next.
4.
Revenue bondholders receive their interest and principal payments from _______.
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Project income. Payments come from these revenues.
5.
Factories are likely to be financed by which of the following type of revenue bond?
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Industrial. Industrial revenue bonds fund factories.