Which municipal or local government debt is repaid from project revenues (tolls, fees) and typically structured with maturities aligned to project life?
Explanation
Revenue bonds are project-backed and repaid from project-specific revenue streams.
Other questions
Which three dimensions are the primary ways fixed-income instruments and markets are typically categorized?
A mutual fund restricted to investment-grade bonds should most likely invest in which bond rating?
Which index characteristic most distinguishes broad fixed-income indexes from typical equity indexes?
Which of the following best describes a shelf registration used by frequent bond issuers?
In a competitive sovereign auction, how does a single-price (uniform-price) auction differ from a multiple-price auction?
Which fixed-income market segment typically provides the most liquid benchmark securities with the tightest bid-offer spreads?
Which of the following best describes matrix pricing?
Which short-term corporate funding source is the least reliable because banks can refuse to honour lending at any time?
An issuer uses asset-backed commercial paper (ABCP) sold by a special purpose entity (SPE) with a bank-provided backup liquidity line. What is one bank benefit from sponsoring ABCP rather than holding the loans on its balance sheet?
Which repo feature reduces the cash lender's exposure by requiring collateral above the cash lent?
If a borrower posts collateral with a market value of 100 and the repo initial margin is 102%, what is the loan (purchase) price received by the borrower?
Which investor type is most likely to use floating-rate notes (FRNs) or variable-rate loans as they prefer variable income streams?
A sovereign government decides to issue new benchmark bonds across maturities to improve market efficiency. Which of the following is NOT a primary benefit mentioned in Chapter 3?
Which fixed-income instrument structure pays no periodic interest but is sold at a discount and repays par at maturity?
Which structure sequentially repays principal to different investor tranches in order of seniority?
Which of these is a typical investor motivation for buying inflation-linked government bonds (linkers)?
A corporate issuer concerned about rising future interest rates wants the right to redeem and reissue if rates fall. Which embedded contingency provision would best serve the issuer?
Which bond feature provides investors a right to sell the bond back to the issuer at a predetermined price and dates?
Which of the following is the most likely reason a debut corporate issuer chooses a private placement over a public offering?
Which of the following best describes a global bond?
Which statement about fixed-income index rebalancing is accurate?
Which investor type is most likely to avoid holding VIVU high-yield callable notes according to the chapter examples?
An issuer issues partially amortizing bonds where a proportion is amortized and a remaining balloon principal is repaid at maturity. Which statement is true?
Which of the following best explains why emerging market sovereign debt issued in a major foreign currency can be attractive to foreign investors?
Which of the following is a common reason sovereign governments issue short-term bills frequently?
Which participant group is typically designated to participate in all sovereign auctions and support market liquidity?
Which of the following best characterizes high-yield (HY) corporate debt relative to investment-grade (IG) debt?
Which of the following is a reason why repo rates for a specific security might be lower (even negative) than for general collateral repos?
Which of the following statements about on-the-run and off-the-run sovereign bonds is correct?
Which of the following describes a make-whole call option on corporate bonds?
Which of the following best explains why fixed-income index constituents are weighted by market value of debt outstanding rather than equal weights?
Which entity type often issues in Eurobond markets primarily to bypass local legal or regulatory constraints and access cross-border investors?
When index providers calculate total return for a broad bond index including intra-month coupons, how are those cash flows treated at rebalancing?
Which of the following best explains why repo counterparties may use a triparty agent?
Which of the following describes the effect of adding a conversion feature to a corporate bond?
Which one of these best characterizes a contingent convertible bond (CoCo)?
Which issuance venue historically allowed bearer bonds that did not record owners but have since transitioned to registered bonds?
An investor wants to avoid coupon reinvestment risk when funding a known future liability. Which bond type discussed in Chapter 3 best fits this need?
Which of the following is a typical reason sovereign governments issue Eurobonds or external debt in foreign currencies?
Which of the following best captures why falling interest rates can limit price appreciation for callable (fixed-price call) bonds?
Which of these statements about repo market use by central banks is correct?
Which of the following best describes a sovereign agency (quasi-government) issuer's typical repayment source for its debt?
Which of the following is a reason why index tracking funds usually hold representative samples of bond index constituents rather than full replication?
An investor wants lower reinvestment risk and higher near-term cash flows compared with a bullet bond. Which cash-flow structure should they prefer?
Which of the following best describes the yield spread decomposition discussed in the chapter?
Which of the following actions is a sovereign most likely to take to reduce rollover risk from heavy short-term borrowings?
Which component of an asset-backed commercial paper (ABCP) program provides liquidity support if the SPE cannot roll paper at maturity?
An investor analyzing a callable bond should focus on which yield measure that reflects the worst-case yield outcome across possible call dates?
Which of the following statements regarding fixed-income secondary market trading is supported by Chapter 3?