A double-barreled bond would be defined as:
A) a bond that has its principal and interest backed by revenues of a facility and the general taxing authority of a municipality.
B) one that is exempt from both federal and state taxes.
C) a corporate bond that pays interest from ordinary income and revenue received from operating a facility for a municipality.
D) a bond of a foreign issuer that is backed by the U.S. government with the interest payable either in dollars or in foreign currency.
Answer: A) a bond that has its principal and interest backed by revenues of a facility and the general taxing authority of a municipality.