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The city is permitted to issue a maximum of $30 million of...

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Accounting

The city is permitted to issue a maximum of $30 million of general obligation bonds. It already has $20 million of qualifying debt outstanding. What would be the citys debt margin after issuing $5 million of new det subject to the limits?
Question 19 options:
$10 Million
$30 Million
$20 Million
$5 Million

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