Question

When an institution wishes to take a large position in a municipal bond issue but does not want its activities to be well known, it will generally make use of A) the bond buyers visible supply. B) EMMA. C) a municipal securities broker's broker. D) social media to find the bonds.

Answer 1

Answer:

Option C, a municipal securities broker's broker.

Explanation:

Option “C” is correct because these broker acts on the behalf of the client and perform all the transactions without exhibiting their client’s details in the market.  Moreover, the broker maintains the bonds or securities and it focuses on the profit-making aspects. Finally, the broker receives the commission for their service and the client receives the profit or rate of return from the securities.