Understanding Expert Work Products

Expert work products—for example, feasibility studies and real estate appraisals—offer expert validation regarding the future performance of municipal securities and projects. When conducted appropriately, expert work products can be valuable tools, although they should not be used without consideration of other important information. Expert work products cannot predict the future with certainty. Further, there are a number of key factors to which you may wish to pay careful attention in relying upon the work products.

Expert work products presented in official statements have the appearance of highly authoritative ...

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