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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: J.B.C. who wrote (66264)	2/8/2000 11:42:00 AM
From: Skeeter Bug	Read Replies (3) \| Respond to of 152472

jbc, help me out. i buy the bond for $57.2B from you at 6.5%. that bond now returns over 11%. iow, invested x and get a return of .11x while everyone else is getting a return of 8.5%. iow, they invest x and get a return of 0.085x. these are equal? NOT! i think the mistake you made was to assume a total return (including both initial investment. this approach is wrong. if i'm buying a bond, i couldn't give a patootie about you paid for it and i sure won't factor that into my calculation. in economics 101 they talk about sunk costs...