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| February 24, 2018

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To the average investor, Puerto Rico debt crash is more of a whimper than a bang -

To the average investor, Puerto Rico debt crash is more of a whimper than a bang

There was a time when investors couldn’t get enough of Puerto Rico’s bonds.

They were the ultimate trifecta: triple, tax-exempt bonds. If you bought Puerto Rico bonds, you paid no local income tax on the “coupons,” the periodic interest you are paid for buying the bond. You paid no state tax on…


L.A. Times – Business

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