Answer:
D. optional sinking fund deposits
Explanation:
The revenue bond rate convenants needed that the rate should be set for the level that could be enough for covering a facility operation and maintenance also the debt service cost is considered
But there is no requirement to cover the option sinking fund or the deposit with respect to the reserve fund
Therefore according to the given case, the option D should be chosen
Answer:
1. What was the issue price on January 1 of this year?
since the coupon rate was 6% and the market rate was the same, the bonds will be sold at par, so their issue price = $240,000
2. What amount of interest expense should be recorded on June 30 and December 31 of this year?
interest expense = coupon rate = $7,200 (for both June 30 and December 31)
3. What amount of cash is owed to investors on June 30 and December 31 of this year?
Face value = $240,000
4. What is the book value of the bonds on December 31 of this year, December 31 of next year?
Face value = $240,000
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When negotiating, you too can sense if the other party's values are subpar or lack integrity altogether. No greater red flag exists in the entire arena of negotiation.
Answer:
advertising is not permitted
Commissions can be received in connection with the offering.
Explanation:
Under the securities act of 1993, a regulation D private placements have some rules which included: advertising was not permitted and Commissions can be received in connection with the offering. These were only a few rules as Regulation D allows a "private placement" exemption if an issue is sold to a maximum of 35 "non-accredited" investors.
