What is the real risk of owning GM and Ford bonds?

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feripe

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Page C2 of WSJ says GM bonds are yielding as much as 25% and Ford Motor bonds 14%. These companies are perceived as either distressed or involvent, but if they go into bankrupcy, don't boldholders end up owning the companies after they come out of bankrupcy?
 
Huge risk owning the bonds. However, the higher the risk, the higher the return.

Look for those that mature in the next couple years only. And if you can bear the risk, great investment opportunities.
 
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