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Technology Stocks : Ascend Communications (ASND) -- Ignore unavailable to you. Want to Upgrade?

To: Dee Jay who wrote (36755)	2/27/1998 8:39:00 PM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 61433

Now if the CSCO stock price gets played around with in those final 10 days ("naw, couldn't happen - that would be manipulation!") then the effective interest rate becomes that which is stated in the security which is low. If the underlying stock's price is high enough then the yield will be enhanced accordingly. That's my take on it. I wouldn't go into one of those, but what the hell do I know? Dee Jay, I appreciate the explanation. However, I am back to my original confusion. It appears someone or entity, my guess is the brokerage firm, is borrowing money and paying interest based on the price of Cisco's stock at expiration. This is a vehicle that is new to me and am I correct in stating who benefits? Glenn