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To: Chuzzlewit who wrote (60763)8/25/1998 12:40:00 PM
From: Rich Young  Respond to of 176387
 
OT:

Yes, you've hypothetically lost 10MM on the deal, but you've washed your hands of the accounts and someone else has assumed the risk of collecting for a potential 11.1% return. I would assume that the discount, risk and therefore the potential return for the buyer is greater the older the accounts are.

Rich