Valued at over $1 trillion, municipal bonds comprise one of the fastest-growing areas of investing activity. The dizzying array of new financial products derived from these bonds has forced investors to adopt more sophisticated, complex valuation techniques. This book clearly explains the new securities, their payment characteristics, and price volatility.
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Valued at over $1 trillion, municipal bonds comprise one of the fastest-growing areas of investing activity. The dizzying array of new financial products derived from these bonds has forced investors to adopt more sophisticated, complex valuation techniques. This book clearly explains the new securities, their payment characteristics, and price volatility.
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