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Harris, Mary H.; Munley, Vincent G. – Journal of Education Finance, 2002
Models three-stage bond-rating process: whether to have a bond rated, whether to insure the bond, and estimation of the actual bond rating; tests multistage model empirically using sample of 148 bond issues representing 10 different states; finds that the par value (size) of the bond issue is decisive factor in decision to have a bond rated or…
Descriptors: Bond Issues, Decision Making, Elementary Secondary Education, Models