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To: greg nus who wrote (3332)	1/1/1998 10:16:00 PM
From: StockMan	Read Replies (1) \| Respond to of 6843

Nusance, Re -- bond holders are represented by Bond cousnsel. Bond counsel are required to carry liability insurance well in excess of the issue for the protection of the bond holders. You'd better call up your bond "counsel" and check. Bankers are also bond holders. There is not enough for all the bond holders, thus the bankers will be given all that's left. You will be left with pennies on the dollar. Stockman

To: greg nus who wrote (3332)	1/1/1998 10:58:00 PM
From: StockMan	Read Replies (1) \| Respond to of 6843

Nusance, The reason, why AMD's junk bonds pay such a high interest rate, is because they have not much to back it up. If they did, AMD would get a much better interest rate. The interest rate is in inverse proportion to the ability of AMD to pay it back. U.S treasuries being the highest, and low grade junk bonds being the lowest. AMD at 11.5% right now, is very close to the lowest. Just a short lesson, for you who claim to know all about finances. Stockman