Good Investments For An Uncertain Future
May, 1983
Chrysler's 1993 Debenture--This honey of an opportunity pays 12.3 percent highway and 9.8 percent city. In a decade, each debenture can be exchanged for Chrysler stock, Chrysler cars or 17 American Airlines tickets. Should the company burn out its fiscal clutch or get caught underwriting a pharmaceutical offering, the holder of the debenture will, for two weeks, receive the services of Lee Iacocca as houseboy. Says E. F. Hutton: "If you can find a weirder debenture, buy it."Woodmere, L...
