ldredeemtheCDearlyi
thateve
t

ACDissuermaybecomeu
dercapitalizedorbeof
o
i
vestme
tgradequalityi
creasi
gthatissuersi
solve
cyriskWhe
CDsarepurchasedi
theseco
darymarketatapremiumtotheirmaturityvalueortotheiru
derlyi
gaccretedvaluei
thecaseofzerocoupo
CDsthatpremiumis
otFDICi
suredCDsalsomayberedeemedforlesstha
thepurchasepriceiftheywereboughti
theseco
darymarketatapremiumtotheparamou
toraccretedvaluei
thecaseofzerocoupo
CDsCDspurchasedthroughMerrillLy
chpaysimplei
terestthatisi
terestis
otcompou
ded
fr