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Total Return = Yield + Duration

November 3, 2005
Kurt A. Fritz

I was watching the classic Disney film “Lady and the Tramp” with my daughter a couple of nights ago when a particular scene caught my eye. Tramp and Lady are sharing a plate of spaghetti and meatballs when unbeknownst to our two stars, they bite into the same strand of spaghetti. As they continue to munch, they are inevitably drawn together, and so the story goes.

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