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Investors wanting to earn high yields on their money have to take more risk today since they earn almost nothing on money market funds and CDs. One suitable alternative is bonds issued by lower-rated corporations and municipalities that offer yields of 5% to 10%. Robert Levine, the founder of Nomura Corporate research and the high yield manager at Kidder Peabody Asset Management, explains how to pick out the best junk bonds and bond funds in this interview. He has just written “How to Make Money With Junk Bonds” published by McGraw-Hill. Learn the pros and cons of investing in junk bonds in to
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