Just purchased a small position in 34.9% Least of the Dow Exchangeable Notes Due Feb. 27, 2009.
Yes, that's right, it pays 34.9%.
I only added a small position because the offer closed at noon today and I didn't have time to weigh the risk:benefit adequately. There are other similar offerings out there if anyone is interested. Think one of them is called "Dogs of the Dow."
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