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Technology Stocks : Cymer (CYMI) -- Ignore unavailable to you. Want to Upgrade?

To: Greg Jung who wrote (18003)	6/8/1998 6:19:00 PM
From: Elroy Jetson	Read Replies (1) \| Respond to of 25960

The way you get >10% from a 3 1/2% note is a combination of the discount on the note and the fact that the rate increases in steps over time. I don't recall the specifics, but I think the note rate increases to something like 5% in 2000 and increases again later. As with any note, it pays face value of $1,000 at maturity if you do not convert. In the event of trouble the stock will be worth zero before the value of the more senior note is affected.