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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

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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 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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