A recent study of the economics of advance refundings asserts the provocative conclusion that "[t]he widespread practice of advance refundings of municipal bonds is, at best, zero net present value, though wasteful of fees." This study may well compel a counter-study from the many proponents of advance refundings.
Commentary: Valuing Advance Refundings
AUG 12, 2013 10:57am ET
You must be registered to post a comment. Click here to register.
Already registered? Log in here
October 8-10, 2014Manchester Grand Hyatt, San Diego, CA
October 26-28, 2014Crowne Plaza Times Square, New York, NY
November 16-18, 2014Westin Arlington Gateway, Arlington, VA