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13 Steps to Investing Foolishly / PDS: Const. Trd. Debt

URL:  https://boards.fool.com/what-eventually-happens-27181243.aspx

Subject:  What Eventually Happens? Date:  11/11/2008  6:21 AM
Author:  JWHershey Number:  5 of 14

Hello All

Intriguing pick. I like the opporunity to have a steady income stream from something like this. My question is, dumb as it may be, what eventually happens to the debt instrument that I purchase and approximately when does it happen? Will this debt be purchased from me by Mid-American when it matures? To sum up, I get a steady 9% or so quarterly interest payment until this instrument matures and then I sell it for a bit more than I paid for it. Right?

Thanks for any help you can give with my question.

Frank
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