bond issued by Moorhead, Minnesota.

Assignment for Chapter Seven Below is the listing of a bond issued by Moorhead, Minnesota. • Explain what it means to be a municipal bond. • This is a general obligation bond. Explain the difference between a general obligation bond and a revenue bond. • The Bond Rating for this bond is AAA. What does a bond rating of AAA by Fitch mean for the investor and for the City of Apple Valley? • This bond has a call feature – Explain what it means to have a call feature. Rating Issuer – CUSIP St Coupon Maturity Callable AAA Fitch APPLE VALLEY MINN MN 2.350% 12/15/31 Yes GENEAL OBLIGATION REF BONDS Call Prices Price Yield to Maturity Current Yield First Coupon Date 105.00 90.52 3.069% 2.596% 12/15/2013 NOTES – Non-Taxable – Bond, Municipal https://screener.finance.yahoo.com/z2?ce=5815347143501726315951&q=b%3d4%26cpl%3d-1.000000%26cpu%3d-1.000000%26mtl%3d120%26mtu%3d240%26pr%3d0%26rl%3d3%26ru%3d1%26sf%3dm%26so%3da%26stt%3dMN%26tm%3d1%26yl%3d-1.000000%26ytl%3d-1.000000%26ytu%3d-1.000000%26yu%3d-1.000000