NOTES ON DEBT MANAGEMENT - CSMFO
Most bonds issued in multiples of $5,000 – limitation on the size of a single bond is the number of $5,000 increments in each maturity – e.g., if issue $1 million w/ 10 year maturity and w/ $100,000 maturing each year, the most investor could purchase in the form of a single bond is $100K. ................
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