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Misplaced bonds

Q

What if I purchased some bonds and they were misplaced — could anyone cash them in?

J.K.

A

James A. Klotz responds:

Most bonds are either in book-entry or registered form and can only be negotiated by the owner.

There are still bearer bonds outstanding which can be a bit problematic. If you lose bearer bonds, be sure to report the loss immediately.

Oct 26, 2005

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