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btilly
on Dec 10, 2012
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California School District Owes $1 Billion On $100...
According to
http://credittrends.moodys.com/
right now long term corporate bond rates are 4% or so.
If the school district does not have bad credit, 5% probably is a bad deal in today's market.
justincormack
on Dec 10, 2012
[–]
Rates have fallen a lot in the last few years so that's not quite a fair comparison. Wish the article would give detail not hype.
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If the school district does not have bad credit, 5% probably is a bad deal in today's market.