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Under MSRB rules, yield to worst means that: A all municipal bonds quoted on a yield basis must be priced to the near-term in whole call date B municipal par bonds quoted on a yield basis must be priced to the near-term in whole call date C municipal discount bonds quoted on a yield basis must be priced to the near-term in whole call date D municipal premium bonds quoted on a yield basis must be priced to the near-term

Respuesta :

Answer: D. Municipal premium bonds quoted on a yield basis must be priced to the near-term in whole call date

Explanation:

Yield to worst refers to the lowest possible yield which can be gotten on a bond which operates fully within the terms of the contract and doesn't default.

Under MSRB rules, yield to worst means the Municipal premium bonds quoted on a yield basis must be priced to the near-term in whole call date.

Therefore, the correct option is D.

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