With Respect to Bond Refunding,which of the Following Is False

question 76

Multiple Choice

With respect to bond refunding,which of the following is false?

• A) Advanced refunding exists when the proceeds of a bond issue are placed in an escrow account pending the maturity date of the existing debt.
• B) Advanced refunding will result in both the original and new debt to be reported in the fund statements.
• C) Current refunding exists when new debt is issued to call the existing debt.
• D) Bond refunding is often done to obtain better interest rates.

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Definitions:

Arrests

A term signifying the act of detaining someone legally as a suspect in a criminal activity.

Cumulative Percent

A measure that calculates the percentage total up to a specific point in a series of data, showing the accumulation of a quantity over time.

Frequency Distribution

A summary of data showing the number of observations (frequency) for each value or range of values.

B Grade

A classification often used in educational settings to denote a level of academic performance above average but below the highest level of excellence.