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The mayor of Funkytown wants to issue bonds to pay to make Electric Avenue higher. If the current interest rate on corporate bonds with the
The mayor of Funkytown wants to issue bonds to pay to make Electric Avenue higher. If the current interest rate on corporate bonds with the same credit risk is 8% and the take rate is 25% then Funkytown can issue bonds paying what percent? 6% 2% 4% 8%
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