No. of Recommendations: 3
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.

AJ
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