--- Marko Paunovic <[EMAIL PROTECTED]> wrote:

>   In a risk-free
>  world I can't fail.

Risk-free interest is quite different from a risk-free world.
We need to assume the usual risky world, but a loan that is sure to be
repaid and with the interest sure to be paid, which US treasury bonds
currently come close to.

Fred Foldvary

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[EMAIL PROTECTED]

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