no way ALZ is in trouble. That said, AAZPB the better buy showing tremendous return toSep08, only two and half months! 70 per cent per annum annualised. IF ALZ was a cash management trust offering 70%, would you take their risk? yes!...The risk? They "step-up" and pay an increased coupon of +2.5% over existing, resulting in 20%+ return to say 2010 when credit conditions ease.
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