408                                                    14

  .      
   .     ,    
,     .      -
 ,    .

  ,   NYSE,  -
  ,     
 (Automated Bond System, ABS).     ,
      ,   
      .    
          -
,      .

       NYSE,  
       .  . 14.8  
   ,    .     
.

                       
                              

3^          4,6             17            941/2              -s/4

,    ,   ,   
AT&T    4^/8% (    )  -
  1999 .   ,  13  1993 .,   
94^2% .       $1000,   -
      $945.   (current yield}
          , 
     4,6% ($40/$945).  17    -
,           17 -
. ,    , ,    -
  ^4% ($75)      .

NYSE     ,    
 ,    1992 .     2400  (
 1462        -
  $262,5 .)18.      -
    ,   
 .  ,   ,      
NYSE,       .

 

    ,     ,
  .       ,  -
   . , ,   
     ,     8^/8%
   1997 .       -
    Wall Street Journal      New York
Exchange Bonds,     ,  ,   ,  
  ,      . 14.8.  , -
    ,  ,   
,   .  ,    -
,  .