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SOFA-CFE · Question #91
SOFA-CFE Question #91: Real Exam Question with Answer & Explanation
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Question
A process in which whereby an issuer floats a second bond issue and uses those proceeds to escrow a sufficient amount of U.S. Treasuries to ensure that a call date and price can be met is called:
Options
- Apost-refunding
- Bpartial-payment
- Cpre-refunding
- Dfull-payment
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