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BERKO: High-yield junk (access required)

Dear Mr. Berko: I'm told that junk bonds yield 12 to 18 percent or even higher. I'd like to invest about $60,000 in junk bonds if I could get at least a 12 percent yield to maturity. I can afford the risk. My stockbroker recommended a bond yielding 15.3 percent and wants to show me ...

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