Until recently, investors purchased bonds almost entirely for income. Over the past 20 years investors have witnessed

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Until recently, investors purchased bonds almost entirely for income. Over the past 20 years investors have witnessed increased bond price volatility and the advent of junk bonds. Assume that you were going to advise a favor­ite relative about picking a good bond. Use as many of this chapter's concepts to put together a discussion list to share with your relative. List a t least five points.

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