Find solutions to your problems with the help of IDNLearn.com's knowledgeable users. Get accurate answers to your questions from our community of experts who are always ready to provide timely and relevant solutions.
Sagot :
City will likely use these funds to to pay for road improvements.
What are Municipal Bonds?
Municipal bonds are debt instruments issued by states, cities, counties, and other public bodies to support operating expenses and capital projects such as the construction of schools, roadways, and sewer systems. When you buy municipal bonds, you are effectively lending money to the bond issuer in exchange for the promise of regular interest payments, generally semi-annually, and the return of your initial investment, or "principal." The maturity date of a municipal bond (the day when the bond's issuer repays the principal) might be years in the future. Short-term bonds mature in one to three years, whereas long-term bonds take more than a decade to maturity.
To learn more about Municipal Bonds from the given link
https://brainly.com/question/1346612
#SPJ4
We value your presence here. Keep sharing knowledge and helping others find the answers they need. This community is the perfect place to learn together. For dependable and accurate answers, visit IDNLearn.com. Thanks for visiting, and see you next time for more helpful information.
