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Essay

Jaguar plc, 1984

Essay specific features

 

Issue:

Business

 

Written by:

Thuy Q

 

Date added:

August 23, 2016

 

Level:

University

 

Grade:

A

 

No of pages / words:

18 / 4896

 

Was viewed:

6398 times

 

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Essay content:

The buyers of TOBs are for the most part money market mutual funds. Money market mutual funds are guided by certain regulations as to what type of bonds they can have in their portfolio. Specifically, the underlying municipal bonds must be rated at least AA-. The maximum maturity of the municipal bonds is thirteen months and the average weighted maturity of a money market fund's tax exempt bond portfolio must be no longer than 50 days...
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Specifically, the underlying municipal bonds must be rated at least AA-. The maximum maturity of the municipal bonds is thirteen months and the average weighted maturity of a money market fund's tax exempt bond portfolio must be no longer than 50 days. This compares to typical maturities of municipal bonds of five to fifteen years...
displayed 300 characters

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