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Subject:  Re: EMZ - liquidity now Date:  4/21/2011  4:47 PM
Author:  aj485 Number:  32715 of 36218

Thanks for your reply, but the semantics "trading flat but nonetheless paying interest" are a sophistry I'd rather avoid

To each his own. The expectation that EMZ will reflect accrued interest in the price is no different than many other debt securities that trade on a stock exchange rather than through a bond desk.

And your characterization of this exchange traded debt as a 'zero coupon bond' when the prospectus specifically says that interest will be paid reaches the same sophistry level, IMO.

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