All of the following about a good faith deposit on a municipal bond underwriting are correct EXCEPT

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Regulation & Compliance
- Rules and Interpretive Guidance
- Requests for Comment
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- SEC Filings
- Interpretive Guidance
- Compliance Resources
- All Regulatory Documents
- Submit Data & Disclosures
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- More
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- About EMMA Labs
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- Bond Basics
- Using EMMA
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- Webinars
- All Educational Resources
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- On-Demand Webinars
- Media Resources
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- Articles, Letters and Commentary
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About Us
- Vision, Mission and Values
- Diversity, Equity and Inclusion
- About the Board
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- Mission Areas
- Corporate Publications
- Resources for Policymakers
- Reference Materials

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Which of the following is the largest component of a municipal underwriting spread?

Which of the following is the largest component of a municipal underwriting spread? The underwriting spread is the entire amount. Total takedown is made up of the additional takedown and the concession, which makes it the largest component.

When creating a diversified municipal bond portfolio all of the following should be considered except?

From the dated date of August 1, 2011, to the first payment date of March 1, 2012, is 7 months. All of the following should be considered when creating a diversified municipal bond portfolio EXCEPT: The denomination of the bonds in a portfolio is not relevant to diversification.

Which of the following types of municipal bonds is subject to statutory debt limits?

The correct answer was: General obligation (GO) bonds. Only GO bonds, which are backed by the taxing authority of the issuer, are subject to statutory debt limits.