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rfj1862

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rfj1862

Re: None

Friday, 02/15/2008 1:55:34 PM

Friday, February 15, 2008 1:55:34 PM

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Munis--Opportunity knocks?

Closed-end muni funds are trading down dramatically because of the panic over insurers. This *has* to be a transient phenomenon or your local governments and institutions are in big trouble. I bought BFK, which is now yielding a tax-equivalent 9.91%.
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