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Based on the following information, determine the minimum initial funding of the Debt Service Reserve Account ( DSRA ) if fully funded from the funding
Based on the following information, determine the minimum initial funding of the Debt Service Reserve Account DSRA if fully funded from the funding
mix.
Start of operations: January
Grace period: quarters
DSRA target balance: quarters of debt service
Start of period
End of period
Interest
Principal
$
$
$
$ k
$ k
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