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Subject:  Re: Brokers, Cribbage, & Mosquitoes Date:  7/6/2006  11:04 AM
Author:  KenAtPcs Number:  17399 of 36670

I think that would be 0.6% (or [6/1000] * 100 percent).

I think you're right. :-) Oops. I thought 0.06% looked a bit small, but obviously I didn't think about it long enough.

I think the bond brokers and market makers are ripping us off.

I don't disagree, but I suppose Charlie's point is also to be considered (can you be ripped off if you know ahead of time you're being overcharged?).

I'm looking at it as penny wise & pound foolish. I'm trying to save $6/bond, but by the time the auction comes around, I may lose $100s / bond if the price moves against me too much.

Damn brokers.

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