Revenue bonds are used to: a. raise funds for...
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Finance
Revenue bonds are used to:
| a. | raise funds for projects that require additional funding by increasing tax rates. | |
| b. | raise funds for projects that will generate revenues. | |
| c. | raise funds to repay loans borrowed by the local government. | |
| d. | raise funds to pay interest on T-bills issued by the state government. | |
| e. | raise funds to repay loans borrowed from the federal government. |
A debt is said to be selling at par when:
| a. | the market value is equal to the face value of the debt. | |
| b. | investors' required rate of return from debt is equal to the coupon rate. | |
| c. | the market rate of return is more than the coupon rate of return. | |
| d. | the borrower pays the interest at the maturity of the debt. | |
| e. | the current market price of the debt is more than the face value of the debt.
|
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