IRS Survey Uncovers Yield Burning

Kinnander, Ola
April 2002
Bond Buyer;4/30/2002, Vol. 340 Issue 31376, p1
Trade Publication
Reports the completion of the survey of Internal Revenue Service on the arbitrage violations in the U.S. Examination of issuers that advance-refunded debt in 1989 or 1990; Change of investment of bond proceeds from the advance refundings; Result showing the involvement of yield burning in the transactions.


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