Series 7 exam Question

Here is a great muni question for the series 7 exam.

The REVDEX has been hitting new highs. What does that say about the municipal bond market ?

A) GO bond prices have been rising
B) Revenue bond prices have been rising
C) GO bond prices have been falling
D) Revenue bond prices have been falling

D)The REVDEX is a yield based index. Anytime the index rises revenue bond prices are falling.

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