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: Securities Law Prof Blog

Unhappy Investors Left Holding Auction Rate Bonds

By Securites Lawprof

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Auction-rate bonds are longterm bonds with interest rates reset regularly at monthly auctions. For over 20 years they were regarded as cashlike investments because of their liquidity, but with a higher rate of return than money market funds, and used...

Full post as published by Securities Law Prof Blog on February 14, 2008 (boomark / email).

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