| A CONSERVATIVE 18% RETURN IN JUST NINE MONTHS |
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| June 27th, 1994- | Purchase $74,220 Government of Canada bond coupon | $20,161.86 |
| April 24th, 1995- |
Sale of $74,220 Government of Canada bond coupon | $23,810.89 |
| | Net Profit | $3,649.86 |
| | Net Profit as percent of investment | 18.10% |
My client purchased the coupon due to mature on March 1st, 2008 on the basis
that an annual compound rate of return of 10% guaranteed by the Government
of Canada if held until maturity was acceptable to him.
He was also aware that owing to the effect of a decline in interest rates, he may
be presented with the opportunity of realising a higher return over a shorter
period of time.
To see a full description of this transaction and review it in complete detail click on "Next on Avenue" (below).
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