GO vs Revenue Bonds: Debt Service Coverage from Pledged Revenues
This lesson is part of the course
In this lesson
You compute a water authority's net revenues and debt service coverage for five years, test the rate covenant and compare with a city's GO debt burden.
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Lessons in this course
- Tax-Equivalent Yield: Federal Only and Federal + StateFree
- Break-Even Tax Bracket: When Does the Muni Win? Locked
- Yield to Maturity & Yield to Call with RATE Locked
- Yield to Worst: the Lowest Yield over the Call Schedule Locked
- GO vs Revenue Bonds: Debt Service Coverage from Pledged Revenues Locked
- Credit Spreads vs Ratings: Spread to the AAA Curve Locked
- Premium & Discount Munis: the De Minimis Rule (Simplified) Locked
- Muni vs Corporate vs Treasury after Tax (Chart) Locked