Wouldnt you love to be the mayor of Vancouver? All those perks: work in that lovely building, sure and happy that your own garbage is being collected on time, suddenly putting up peoples property taxes, being driven around in fancy cars! One not to be neglected perk is the ability to issue bonds to raise money for the City. If you issue a ten year 6% bond for $250,000 payable quarterly with money yielding 9% quarterly, how much would you sell the bond for? Just leave off the decimals.