Comment on [deleted]

night_petal@piefed.social ⁨3⁩ ⁨weeks⁩ ago

• squaresinger@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

  80 cents for how much initial value?

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  • ebolapie@lemmy.world ⁨2⁩ ⁨weeks⁩ ago

    They’re actually around 80 bucks, versus an initial value of a cool hundo. But they also pay out like a 5% coupon rate annually, so if you had bought them in '97 you’d be slightly beating inflation.

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    • wewbull@feddit.uk ⁨2⁩ ⁨weeks⁩ ago

      So those are associated with Motorola Solutions now, or did the debt move to Lenovo?

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      • ebolapie@lemmy.world ⁨2⁩ ⁨weeks⁩ ago

        Yeah, the debt belongs to Motorola Solutions now. Although it would have been very funny if they somehow stuck Lenovo with it.

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    • Valmond@lemmy.dbzer0.com ⁨2⁩ ⁨weeks⁩ ago

      Does that mean 5% of 80 cents or 80 bucks?

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      • BeardedGingerWonder@feddit.uk ⁨2⁩ ⁨weeks⁩ ago

        Coupon rate is paid on the principal - assuming the hundo is accurate then it’s 5%/yr. If you think Motorola will be around in 14 years then you’d have your investment back. If you think they’ll be around in another 70 years you get $350 + $100 because when it matures they need to repay the bond.

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