A bond is being issued to build a toll road. It has been identified that the state does not own all of the property that the road is going to be built upon. This would most likely be disclosed in

Prospectus

Explanation: When companies requires partners usually in other to raise funds required to finance a project, this is usually done through the sale of shares or bond offering. In other to achieve this, cm the company issues a prospectus which could be termed as a formal invitation used to present such offer to the public. The prospectus offered will contain comprehensive details of the terms and project upon which the public have been invited to Invest into without any ambiguity or false statements.

Therefore, it will most likely be stated in the prospectus if the the property upon which the road is to be constructed does not all belong to the government. This is required in other to get prospective buyers informed and prepared.

answer; limited pay life;

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