What is the debt service ratio? If the benchmark debt service ratio is 12 percent, does the
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What is the debt service ratio? If the benchmark debt service ratio is 12 percent, does the city have additional debt capacity? Assume an annual interest rate of 5 percent and a twenty-year maturity for the debt, how much additional debt can the city carry?
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Financial Management In The Public Sector Tools Applications And Cases
ISBN: 9780765636898
3rd Edition
Authors: Xiaohu Wang
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