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28-02-2020
Business

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Under a bond refunding, the proceeds of a new bond issuance are either deposited in escrow to pay the debt service on the outstanding bonds when due or used to promptly retire previously issued bonds.A. TrueB. False

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danialamin danialamin

28-02-2020

Answer:

The statement is true.

Explanation:

As the funds required for the payment of the outstanding bonds are placed in escrow such that the payment of the previous bonds has been made.

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