All of the following would be found in a bond resolution for a new municipal issue EXCEPT:

All of the following would be found in a bond resolution for a new municipal issue EXCEPT:




A) the costs to be incurred by the issuer in connection with the offering.

B) the issuer's obligations to bondholders.

C) covenants to which the issuer must adhere.

D) a description of the issue.



Answer: A) the costs to be incurred by the issuer in connection with the offering.


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