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BERKO: Puerto Rican bonds (access required)

Dear Mr. Berko: In 2013, my stockbroker had me buy $60,000 worth of Puerto Rican Sales Tax Financing Corp.'s tax-free bonds. I bought these bonds for my individual retirement account. The coupon was 5.5 percent. I paid $770 per $1,000 bond ($46,200 total), and they were supposed to mature in 2022. I got a great ...

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