No. of Recommendations: 0
Gee, why don't you ask the people who bought Paficic Gas and Electric and Edison bonds what they think of their higher rate returns when their bonds just sank in value 50%. Muni's have a tendency not to go out of business, they tend to pay their dividends when they are due. Before Bonds became junk bonds, they were regular bonds with attractive yields until they stopped paying their dividends or got into financial trouble. Trace the history of junk bonds, and then the history of mini's.
Los Angeles
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