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Gold/Mining/Energy : Canadian stocks that pay DIVIDENDS!!!! -- Ignore unavailable to you. Want to Upgrade?

To: Gold Panner who wrote (112)	7/11/2001 12:30:25 AM
From: Scott Mc	Read Replies (1) \| Respond to of 129

Similar to a bond, face value is $1000, so if quoted 97.50 actually means $975.50, pay a fixed interest rate and sometimes convertible into stock. In an ideal situation has the best of both worlds, collect interest and if the stock goes up make a gain, if the stock goes down, collect interest and get your full $1000 back at maturity. There are strategies that can be worked aroung using shorts and or options, Scott PS: They can work really really well under certain situations.