home Local News To the average investor, Puerto Rico debt crash is more of a whimper than a bang

To the average investor, Puerto Rico debt crash is more of a whimper than a bang


There was a time when investors couldn’t get enough of Puerto Rico’s bonds.

They were the ultimate trifecta: triple, tax-exempt bonds. If you bought Puerto Rico bonds, you paid no local income tax on the “coupons,” the periodic interest you are paid for buying the bond. You paid no state tax on…



Source: LA Times

Read More: To the average investor, Puerto Rico debt crash is more of a whimper than a bang

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