Puerto Rico Bonds

I am quoted in the Washington Post on Puerto Rico bonds.

“The average investor on the street will be unaffected,” said David Kass, a professor of finance at the University of Maryland. “If a small investor did invest in a municipal bond mutual fund, Puerto Rico would represent no more than 1 or 2 percent. This will have an infinitesimal impact on an investor investing in municipal bond funds.”

 

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