I really don't have much of an understanding of the bond market but I was recommended a bond yesterday.
The bond was a corporate bond AA ( Alcoa ) Details were, bond matured in june 2010, cost $890 per $1,000 and interest paid semi-anually at about 6.73 %
Down side was explained as if Alco went out of business, bond owners had a better chance of receiving monies over stockholders.
What really is the downside of the bond market. Any insight, comments would be appreaciated.
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