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URL:  http://boards.fool.com/black-by-itself-the-price-of-a-bond-is-30383620.aspx

Subject:  Re: sell jc penny bonds now to buy back later? Date:  11/15/2012  4:47 PM
Author:  trader2012 Number:  34499 of 35357

Black,

By itself, the price of a bond is meaningless. By itself, the price you pay is meaningless. You need to think about the whole risk-management problem, not just a tiny portion of it.

Charlie
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