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leveraged |
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said that it has launched two new funds that collectively invest across the full spectrum of securities of leveraged companies, including stocks, bonds, bank loans, and convertible securities. To the extent that leveraging is a goal or expected activity of a program (as in the three Treasury programs), leverage measures generally can describe program outputs, or the products or services delivered (such as total leveraged funds), and may be used along with other performance indicators to assess the efficiency and effectiveness of a program in meeting its goals. It''s a statistics game and the statistics say highly leveraged speculators lose. |
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