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In 2016, JP Morgan and Nuveen Asset Management made 9.5% profit on $150 million, and 25% on $613 million respectively in Chicago Public School (CPS)

In 2016, JP Morgan and Nuveen Asset Management made 9.5% profit on $150 million, and 25% on $613 million respectively in Chicago Public School (CPS) bonds. How did these investment firms make these types of profits from the CPS?

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answer JP Morgan and Nuveen Asset Management were able to make significant profits from CPS bonds in 2016 due to a combination of factors related to t... blur-text-image

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