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To: ftian who wrote (3975)12/12/2000 4:37:36 PM
From: Bill Harmond  Respond to of 57684
 
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To: ftian who wrote (3975)12/12/2000 4:37:48 PM
From: Bill Harmond  Respond to of 57684
 
This is approximately the same as buying Yahoo on margin, without the interest accrual or call risk. Of course the interest is imputed in the premium. I could have gone out of the money, but chose to play it more conservatively.