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To: razorback-bert

I actually own a 20 year muni from the New York Transit Authority. It has a coupon rate of 4% ( that was from 1987 when interest rates were high then ) and is scheduled to mature 2013.

Hope the City does not go bankrupt by then :)


7 posted on 03/21/2011 12:47:10 PM PDT by SeekAndFind
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To: SeekAndFind

1987 + 20 = 2007

2013 - 20 = 1993

Not to quibble.


8 posted on 03/21/2011 1:08:28 PM PDT by razorback-bert (Some days it's not worth chewing through the straps.)
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