Municipal Bond Forum
GMAC bonds different than GM bonds
Q
I read your article on GM, I recently purchased GMAC smart notes B/E monthly survivor option. coupon 7.50% due 11/15/17. How is this bond impacted by the things mentioned in your article.
A
James A. Klotz responds:
Your GMAC bonds are completely separate from the General Motors bonds discussed in our article.
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