IAG 1.34% $7.55 insurance australia group limited

actually, you make a fair point. It is riskier, and no exit...

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    actually, you make a fair point. It is riskier, and no exit other than on market for 10 years. This was always the risk, agree to the new terms or be given preference shares. I got out at 97.75. At 4% margin with no exit and increased risk, there are better hybrids out there. But would re-enter in the 80's
 
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