Fourth point. As the issuer of the bond freely warns, this bond will “trade flat.” That is the same terminology used to describe bonds of issuers that have declared Chapter 11 or whose interest payments are in question.And, as repeatedly pointed out and ignored by you, it's also the terminology that is used to refer to exchange traded debt that does not require that accrued interest be paid when bought/sold on the secondary market. This is EXCHANGE TRADED DEBT, not a 'NORMAL' BOND. Applying 'normal' bond terminology to exchange traded debt can be misleading, at best.AJ
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