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The purpose of a bond sinking fund is to: accumulate funds needed to pay the tax liability on the bond proceeds. accumulate funds to pay

The purpose of a bond sinking fund is to:

accumulate funds needed to pay the tax liability on the bond proceeds.

accumulate funds to pay the regular interest payments.

hold the bond proceeds until the funds need disbursed.

repay bonds early either through purchases or calls.

repay bondholders from a trust fund if the issuer defaults.

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