They must be the safest play with AFG
To lose your money they have to be wound up with not only no equity but the $300m in notes at zero?
At even $15/$20 these make good sense - At maturity you get $100 , in the mean time you are getting 9.4% (plus any further interest increases) on the on the $100,
So yield is 9.4/15 = 63% yield
If you can get any at $10 or $11 its approaching 100% yield
afg and afgha and kinghorn and lewis, page-8
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