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UPDATE 1-Auction-rate failures snarl New England Patriots

Story date: 2008-02-20 03:04:00
Added on: 2008-02-20 18:21:36


Forbes - The football team, which has $71 million in taxable debt, was forced to pay a 20 percent interest rate until it switched to more frequent auctions, according to a market source. The interest rate the football team paid on Tuesday, which remains in ...


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