Came across an article about how some investors are making money by teaming up with a terminally ill person to buy corporate bonds.
How it works is that some major U.S. companies often issue bonds with what is known as a survivor’s option. This option allows the joint-owner of the bond to redeem it at face value should the other owner die.
As some of these corporate bonds were trading at a huge discount during the recent financial crisis, people have been scooping up some of these bonds to make a quick buck.
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