No. of Recommendations: 0
A few years ago I helped a friend start to invest Foolishly, transferring his account from a "full service" broker who was investing all over the place with lousy returns. We've turned the lousy performance around, especially with his stocks, but some bonds remain and we don't know anything about them. From the statements, most of them don't seem to have changed in value much if at all over the past few years, so I'm guessing there's some sort of payment at maturity. Here's the wording from the statements on what they are:

Fico Strips Cpn Ser 16 0% 4/5/2014
Fico Strips Cpn Bnd 0% 10/6/2014
US Treas Strip Generic Tint Pmt 0.0% 2/15/2015
York PA Gen Obl 0.0% 2/1/2018
San Marcos Calif Pub Facs Auth Book Entry Bd 0% 09/01/2010
Washington St Registered Bd 0% 08/01/2009, (and 2010, 2011, 2012)
etc.

I've heard all kinds of terms from different articles about general coupon bonds, municipal bonds, treasury strips, etc., and from the descriptions, these seem to be these kinds of investments, but I have no idea what this all means. What I'm wondering is:

Does he have to keep them until the date noted in the name (e.g. 4/5/2014) in order to make any money on them? Is there an easy way to determine the rate of return these are supposed to pay? Is there a source online where I can find out about specific investments?

I'd appreciate any enlightenment about these. I've learned a lot about stocks from many Fools, but this is a whole new ballgame for me!

Thanks.
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