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Those mysterious munis: Now it's easier to track prices of municipal bonds.(Originated from Knight-Ridder Newspapers)
- Article from:
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Knight Ridder/Tribune News Service
- Article date:
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August 3, 1995
- Author:
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Copyright informationCOPYRIGHT 1995 Knight-Ridder/Tribune News Service. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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It's mid-1995; do you know what your investments are worth?
If your money is in stocks or mutual funds, it's usually easy to find out: Just pick up the newspaper, look for the listing, and behold the judgment of the marketplace. Your securities' current trading prices are there; if you're selling, that's what you can expect to receive, minus brokerage fees.
But what if your money is in munis?
Unlike the prices of common stocks and mutual funds, the prices of municipal bonds aren't listed in the newspaper. There's a good reason for this: While common stocks listed on the major exchanges number in the thousands, more than 1 million separate munis are floating around the ...