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A town issues $15 million in bonds to pay for construction of a new high school. The bonds will ...

prodeco

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A town issues $15 million in bonds to pay for construction of a new high school. The bonds will ...

A town issues $15 million in bonds to pay for construction of a new high school. The bonds will mature over 20 years, but the town will begin paying off a portion of the bonds annually after 15 years. What type of bonds are being used to help finance the school construction?
A) serial bonds
B) convertible bonds
C) revenue bonds
D) sinking-fund bonds
E) callable bonds

Textbook

Business: A Practical Introduction

Business: A Practical Introduction

Edition: 1^st

Authors: Williams, Sawyer, Berston

Read 39 times

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prodeco Author

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6 years ago

this is exactly what I needed

yen

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Thanks

larrybrads

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Thanks for your help!!

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