The free fall in Apple’s share price has been documented ad nauseam by the financial media in recent weeks. But how has it impacted fixed income investors?
- UBS issues “trigger yield optimization notes” with a face value of $700.71.
- They mature in one year, and pay 8.03% annual interest.
- They cost 2% to buy.
- If it seems too good to be true, it undoubtedly is.
- If you don’t thoroughly understand what you’re buying, don’t buy it.