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URL:  http://boards.fool.com/if-you-buy-a-bond-for-1100-you-will-only-get-27699107.aspx

Subject:  Re: California Bonds Date:  5/23/2009  1:13 PM
Author:  AngelMay Number:  27612 of 35392

If you buy a bond for $1,100, you will only get $1,000 back when it matures, or is called. If it gets called before you recieve one hundred dollars in interest payments, you will lose money on the transaction.

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So, at maturity you just get back 1000 for the bond no matter what you paid for it? Issuing company doesn't care, I guess, at what level others value their bonds along the way -- they only care what the issuing price of the bond was (and that's what they return)?

And question: if price of bond is $1000, why do I see $100 in the Vanguard form? THAT'S very confusing -- why would they want to confuse people? I really don't get that. I'm always very precise when it comes to money.

AM
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